The Reserve Bank of India said banks should ensure no new transactions are linked to LIBOR or the local equivalent - the Mumbai Interbank F...

The London Interbank Offer Rate, commonly known as Libor, is the most widely used benchmark in many financial products ranging from loans t...

In March, the UK’s Financial Conduct Authority (FCA) said that all LIBOR settings would either cease to be provided by administrators or no...

Banks suggested that the central bank intervene in the spot market instead but do so in conjunction with liquidity draining measures such a...

SOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...

The six-month Mifor swap rate, a derivative that firms use to hedge against moves in rates with foreign-currency borrowings, has climbed 8 ...

MIFOR is priced after adding a mark-up over Libor, which will cease to exist globally after 2021.

This mammoth transition requires collective effort from various arms as the risks are manifold.

Transition to alternative reference rates will involve considerable efforts for Libor users.

Rates have hardened on concerns of an encore of the crisis in non-banking finance companies (NBFC) after rating downgrades at two Anil Dhir...

RBI received bids for $16.3 billion versus $5 billion in the last round.

Dollar-swap auctions is used by the Reserve Bank of India as a tool to inject rupee liquidity.

The RBI will buy dollars from banks for three years and offer them rupees in return.

Under the new swap window, the RBI will buy dollars, instead of bonds, from banks.

The timing of RBI sterilisation becomes important for spot dollar behaviour.

Domestic investors should be allowed to buy offshore masala bonds and overseas investors may be permitted to sell in domestic markets, says...

Tight cash conditions in the local money market are forcing banks and corporates to sell their dollar holdings in the spot currency market....