Liquidity concerns over moves to reform Indian benchmark rates
India becomes latest Asian jurisdiction to move to a market benchmark
The proposed move to an observed traded rate for certain financial benchmarks by the Reserve Bank of India (RBI) faces potential problems due to questions over liquidity and significant traded volumes, say market participants.
While India was not one of the main markets affected by the Libor-rigging scandal, the recent bout of fines for leading banks with respect to this issue has brought
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