Friday, 3 January 2014

RBI seeks to alter pricing method for money market rates.

The draft report issued by the RBI recommended that the overnight Mumbai Interbank Bid Rate-Mumbai Interbank Offered Rate (Mibid-Mibor) fixing, a key gauge in money markets, be based on the volume-based weighted average of traded rates from 9 to 10 in the morning. 

http://www.moneycontrol.com/news/economy/rbi-seeks-to-alter-pricing-method-for-money-market-rates_1018750.html

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