Mumbai Interbank Bid Rate

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Definition: Mumbai Interbank Bid Rate

Mumbai Interbank Bid Rate

Quick Summary of Mumbai Interbank Bid Rate

The rate that banks involved in the Indian interbank market are willing to pay for the purpose of attracting deposits from other participating banks. This rate is determined as being a weighted average of a group of banks and is calculated on a daily basis.

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Synonyms For Mumbai Interbank Bid Rate

MIBID

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March 10, 2025 https://payrollheaven.com/define/mumbai-interbank-bid-rate/.
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https://payrollheaven.com/define/mumbai-interbank-bid-rate/ (accessed: March 10, 2025).
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Mumbai Interbank Bid Rate. PayrollHeaven.com. Retrieved March 10, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/mumbai-interbank-bid-rate/

Definition Sources

Definitions for Mumbai Interbank Bid Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.