ARTICLE
1 December 2021

Use Of Alternative Reference Rates ("ARRs") In Place Of LIBOR For Interest Payable In Respect Of Export / Import Transactions

JC
Juris Corp

Contributor

In light of the impending cessation of LIBOR as a benchmark rate, the Reserve Bank of India has permitted authorised dealer category...
India Finance and Banking

In light of the impending cessation of LIBOR as a benchmark rate, the Reserve Bank of India has permitted authorised dealer category - I banks to use any widely accepted ARR in relation to the underlying currency for export / import transactions.

https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12168&Mode=0

Originally published 29 September, 2021

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