The rate that banks may borrow funds from other banks doing business in the Indian interbank market. These interest rates are typically used as the benchmark interest rates for a number of money market transactions done in India. Calculated on a daily basis.
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A rate that Indian banks and other derivative market participants used as a benchmark for setting prices on forward rate agreements and interest rate derivatives.
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Definition of Mumbai Interbank Forward Offer Rate (MIFOR): The rate that banks may borrow funds from other banks doing business in the Indian interbank ...
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Mumbai Interbank Forward Offer Rate - MIFOR A rate that Indian banks and other derivative market participants used as a benchmark for setting.
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indexed to the three-month or the six-month Mumbai interbank forward offer rate ( Mifor) is also highly liquid, in fact far more liquid than OIS with 85% of the total ...
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What Does Mumbai Interbank Forward Offer Rate - MIFOR Mean? It is a rate that Indian banks and other derivative market participants used as a benchmark for ...