Business Studies, asked by shivanitapase12, 9 months ago

What is MIBOR. How is it calculated.

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Answered by disha1608

1

MIBOR is calculated every day by the National Stock Exchange of India (NSEIL) as a weighted average of lending rates of a group of major banks throughout India, on funds lent to first-class borrowers. This is the interest rate at which banks can borrow funds from other banks in the Indian interbank market.

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