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Old 25th June 2012, 12:28 PM
rahul bhatia
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Default RBI Reference Rate Meaning

Sir I want to know here Reserve Bank of India’s reference rate meaning so any give me the proper definition of RBI reference rate?
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Old 25th June 2012, 02:08 PM
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Join Date: May 2012
Default Re: RBI Reference Rate Meaning

A reference rate is a rate that determines pay-offs in a financial contract and that is outside the control of the parties to the contract. It is often some form of LIBOR rate, but it can take many forms, such as a consumer price index, a house price index or an unemployment rate.
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