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4.5 Indian Rupee as exchange rate anchor. 4.6 Other. 5 Stabilized arrangement. Toggle Stabilized arrangement subsection. 5.1 US dollar as exchange rate anchor.
The interbank market is an important segment of the foreign exchange market. It is a wholesale market through which most currency transactions are channeled. It is mainly used for trading among bankers. The three main constituents of the interbank market are: the spot market; the forward market
MIBOR (Mumbai Inter-Bank Offer Rate) is the overnight interest rate or reference rate based on the averaged interest rates at which Indian banks borrow unsecured funds from counterparties in the Indian rupee wholesale money market (or interbank market).
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The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
A FedEx contract worker has been busted for allegedly dumping dozens of packages in the woods to avoid working late. Latavion Lewis was arrested after a post office in Bonifay, Florida, received ...
A man is lucky to be alive after walking naked for 25 miles in rain and near freezing temperatures from the Oregon border to near the Tri-Cities, say officials.
(Reuters) -After lackluster spending at U.S. stores on a deals-heavy Black Friday, retailers are pulling out all the stops with steep promotions and discounts on their websites and apps to entice ...