Definition
LIBOR that is London Interbank Offered Rate is the rate of interest at which banks borrow funds in various currency denomination from other banks in the London wholesale (or "Interbank") money market.
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The above views are based on the latest available information. Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. While the views are proffered with the best of intentions, neither the author, nor the firm are liable for any losses that may occur as a result of any action based on the above. The financial markets, and especially the Indian money markets, are illiquid and inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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