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In the mid 1990s, the Committee for the Development of the Debt Market had studied and recommended the development of a benchmark rate for the call money markets in India. Accordingly, National Stock Exchange of India (NSE) developed and launched the NSE Mumbai Inter-Bank Bid Rate ( MIBID ) and NSE Mumbai Inter-bank Offer Rate (MIBOR) for the ...
As of 31 July 2013, NCDEX has 848 registered members, a client base of about 20 Lakhs, and offers trading on more than 49,000 terminals across 1,000 centers in India. It facilitates deliveries of commodities through a network of over 594 accredited warehouses through eight warehouse service providers, with holding capacity of around 1.5 million ...
This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. In practice, the rates are quite close due to arbitrage. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price.
The data on exchange rate for Japanese Yen is in per 100 Yen. The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate. Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.
Logo. The Global Financial Centres Index (GFCI) ranks the competitiveness of financial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit.
A few rate center consolidations have been made in the interest of number conservation. Scarce 1-212 numbers are more efficiently allocated now that Manhattan, New York, is entirely "NYC Zone 1" instead of being split into Zones 1, 2, and 3; various area code 612 rate centers have been amalgamated into "Twin Cities, Minnesota".
India started recovery in 2013–14 when the GDP growth rate accelerated to 6.4% from the previous year's 5.5%. The acceleration continued through 2014–15 and 2015–16 with growth rates of 7.5% and 8.0% respectively. For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015.
India INX claims that it is the world's fastest exchange, with a turn-around time of 4 microseconds. [5] It operates 22 hours a day, six days a week. [ 6 ] These timings facilitate international investors and Non-Resident Indians to trade from anywhere across the globe at their preferred time.