The Reserve Bank on Thursday asked banks and financial institutions to use any widely accepted alternative reference rate (AAR) instead of LIBOR (London Interbank Offered Rates) as the reference rate for entering into new financial contracts.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3qXMhvW
RBI asks banks to shift from LIBOR to alternative reference rates
![RBI asks banks to shift from LIBOR to alternative reference rates]()
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