After the RBI stopped publishing MIFOR rates, they were temporarily published by FBIL, a private company owned by the Fixed Income Money Market and Derivatives Association of India, the Foreign Exchange Dealers'
"PHIREF" means the implied Peso interest rate derived from done deals in the interbank foreign exchange swap market. The PHIREF is used as the benchmark for the reset value for the peso floating leg of an Interest Rate Swap. "Protocol Covered Documents" has the meaning given to it i...
What is the difference between the stated interest rate and the market interest rate? The spot exchange rate for Indian Rupees is Rs 44/$. The one-year forward exchange rate is Rs 46/$ and the one-year U.S. interest rate ...
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