GET Stock QuotesNews18 APP
News18 English

Madhya Pradesh

Rajasthan

Poll in 1 seat deferred

Chhattisgarh

Telangana

Mizoram

»
1-min read

NSE Launches Futures on Overnight Call Rate

Mibor (Mumbai Inter-Bank Offer Rate) is the interest rate at which banks borrow from another for short term purposes.

PTI

Updated:December 3, 2018, 11:25 PM IST
facebookTwittergoogleskypewhatsapp
NSE Launches Futures on Overnight Call Rate
Image for representation. (Reuters)
Loading...
New Delhi: The National Stock Exchange on Monday said it has introduced futures on overnight call rate (Mibor) to provide participants an opportunity to manage risk exposures.

Mibor (Mumbai Inter-Bank Offer Rate) is the interest rate at which banks borrow from another for short term purposes.

"It is important to develop tools to help institutions manage interest rate risk. The futures on MIBOR, which is one of the key barometers of India's overnight borrowing and lending, is being introduced with the objective of providing a hedging instrument for interest rate risk," said NSE's managing director and chief executive Vikram Limaye.

On the first day, turnover (notional) in Mibor futures was Rs 185 crores. The participation was from financial institutions like banks, primary dealers and from the brokers, the NSE said in a release.

Financial Benchmarks India Pvt Ltd announces the overnight Mibor on a daily basis except holidays.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,110.50 1.18
Yes Bank 186.60 4.92
Dr Reddys Labs 2,586.35 -4.78
ICICI Bank 349.95 2.09
Kotak Mahindra 1,237.15 1.51
Company Price Change %Gain
Yes Bank 186.80 5.30
Reliance 1,110.50 1.30
Axis Bank 619.35 2.50
TCS 2,018.70 1.02
Hero Motocorp 3,248.30 7.01
Top Gainers
Company Price Change %Gain
Hero Motocorp 3,258.65 7.23
Indiabulls Hsg 734.30 5.97
UPL 790.05 5.63
Bharti Airtel 305.55 5.27
Adani Ports 374.45 5.26
Company Price Change %Gain
Hero Motocorp 3,248.30 7.01
Bharti Airtel 309.50 6.69
Yes Bank 186.80 5.30
Adani Ports 374.40 4.90
Tata Steel 520.40 3.75

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results