India:
Use Of Alternative Reference Rates ("ARRs") In Place Of LIBOR For Interest Payable In Respect Of Export / Import Transactions
01 December 2021
Juris Corp
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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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