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FBIL REFERENCE RATE
Rupee pushed to the front in cross-border transactionsThe Reserve Bank of India proposed measures to significantly boost the rupee's use in cross-border trade, particularly with neighboring cou...- Rupee pushed to the front in cross border transactionsThe Reserve Bank of India (RBI) proposed measures to promote wider use of the rupee in cross-border trade, particularly with neighboring co...
- Framework in the works for integrity of benchmarksThe framework will cover the administration of all benchmarks related to foreign exchange, interest rates, money markets and government sec...
- Reset of floating rate home loan EMIs to get more transparent, option to switch to fixed interest rate soon: RBIRBI asks banks to be more transparent in resetting of interest and EMIs of floating rate home loans under external benchmark based lending ...
- Banks offering home loans below 7% interest rate for self-employed borrowersJust like for salaried home loan borrowers, self-employed borrowers should also compare and shop around for the best interest rate for thei...
- Rupee settles 12 paise higher at 74.78 against US dollarAt the interbank forex market, the local unit opened at 74.83 against the US dollar and gained further ground to settle at 74.78, up 12 pai...
- Should you take loans linked to benchmarks other than repo rate? Which banks offer these?According to the RBI Monetary Policy Report, 36 banks out of 62 banks have adopted repo rate as an external benchmark whereas six banks hav...
- India will soon have to decide on sharing daily US dollar-Rupee rate with overseas exchangesCurrently, only registered users can access reference rate on same day; SGX in talks with FBIL.
- Rupee plunges 42 paise to 69.30 on stronger dollarMost Asian currencies struggled amid expectations of dovish monetary policy stance by central banks.
- How will your home loans change from April next year?At present, banks use an internal benchmark (bank’s own marginal cost for funds) to decide interest rates. However, this is about to change.
- Rupee dives 29 paise against US dollarBrent crude futures dropped 3.78 per cent to $53.20 per barrel.
- Rupee trims early gains, closes 8 paise up against US dollarThe currency pared some of the gains in the fag-end to end at 70.06, showing a gain of 8 paise.
- Rupee rallies 69 paise, settles below 70-markThis is the fourth straight session of gains for the rupee, during which it has rallied by a hefty 220 paise.
- Interest Rates on home, auto & MSME loans to be linked to new benchmarkFinal guidelines on the benchmarks will be issued by end-December.
- RBI proposes new method to benchmark floating rate of loans for MSMEsThe Reserve Bank of India said there will be a new external benchmarking of Floating Rate loans by Banks to MSMEs.
- Rupee drops 20 paise to 73.47 against US dollarOn Thursday, the rupee fell 11 paise to close at 73.27.
- Rupee jumps 29 paise against dollar to 73.32The rupee had settled 13 paise lower at 73.61 against the dollar on Wednesday.
- FBIL takes over from FIMMDA for valuation of government securitiesAs per RBI directive, FIMMDA has ceased to publish prices/yield of government securities from March 31, 2018.
- New benchmark rate for CDs, T-bills to be launched soonFBIL already publishes the overnight and term Mumbai interbank offer rate (MIBOR).
- RBI seeks change in how banks set lending ratesThe Reserve Bank of India issued draft guidelines on Tuesday for its proposed plan to change how banks calculate their lending rates.
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