Investments glossary

Mumbai Interbank Offered Rate (MIBOR)

The Mumbai Interbank Offer Rate (MIBOR) is one iteration of India’s interbank rate, which is the rate of interest charged by a bank on a short-term loan to another bank. As India’s financial markets have continued to develop, India felt it needed a reference rate for its debt market, which led to the development and introduction of the MIBOR.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply

Your email address will not be published. Required fields are marked *