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MIFOR
Non-banking lenders opting for overseas funds"As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise doll...- RBI's $15-billion dollar-rupee swaps helping Indian companies raise cheaper overseas loansThe Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen...
- RBI asks banks to ensure complete move away from LIBOR by JulyThe complete transition from LIBOR is a significant event in the global financial markets which requires continued attention from all stake...
- RBI asks banks to ensure complete transition from LIBOR by JulyThe Reserve Bank of India said banks should ensure no new transactions are linked to LIBOR or the local equivalent - the Mumbai Interbank F...
- Dying Libor gives rise to risk-free rate benchmarksThe London Interbank Offer Rate, commonly known as Libor, is the most widely used benchmark in many financial products ranging from loans t...
- RBI warns banks of LIBOR preparednessIn March, the UK’s Financial Conduct Authority (FCA) said that all LIBOR settings would either cease to be provided by administrators or no...
- RBI consults banks on rupee intervention strategyBanks suggested that the central bank intervene in the spot market instead but do so in conjunction with liquidity draining measures such a...
- Large banks gear up for transition from LIBOR to SOFRSOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...
- Jump in hedging costs raises dollar funding bill for India firmsThe six-month Mifor swap rate, a derivative that firms use to hedge against moves in rates with foreign-currency borrowings, has climbed 8 ...
- RBI Guv exhorts stakeholders to ensure smooth transition from LIBORHe said industry lobby Indian Banks Association (IBA) has been working closely with market participants to facilitate transition to alterna...
- IBA asks banks for Libor alternativeMIFOR is priced after adding a mark-up over Libor, which will cease to exist globally after 2021.
- Companies need to rework fundraising plans as new financial benchmarks come into playThis mammoth transition requires collective effort from various arms as the risks are manifold.
- Saying goodbye to Libor, the world’s most valuable benchmarkTransition to alternative reference rates will involve considerable efforts for Libor users.
- Dollar swap auction round-2 likely to be less aggressiveRBI received bids for $16.3 billion versus $5 billion in the last round.
- How RBI dollar auction is helping NBFCsDollar-swap auctions is used by the Reserve Bank of India as a tool to inject rupee liquidity.
- More liquidity tools? RBI's $5 bn forex swap is a test caseThe RBI will buy dollars from banks for three years and offer them rupees in return.
- RBI swap auction: Banks may bid 15 bps lower than market rateUnder the new swap window, the RBI will buy dollars, instead of bonds, from banks.
- Impact of RBI’s likely dollar-rupee swapThe timing of RBI sterilisation becomes important for spot dollar behaviour.
- Let local investors buy offshore masala bonds: Rakesh Garg, MD, BarclaysDomestic investors should be allowed to buy offshore masala bonds and overseas investors may be permitted to sell in domestic markets, says...
- Banks, cos zero in on swaps to beat liquidityTight cash conditions in the local money market are forcing banks and corporates to sell their dollar holdings in the spot currency market....
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