Indian Rupee LIBOR Rate (3 month interbank rate)

The Indian Rupee three months LIBOR rate stands at 6.00 percent. The London Interbank Offered Rate (LIBOR) is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank market). This page includes: Indian Rupee LIBOR Rate (3 month interbank rate) chart, historical data and news.

Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
India	4.50%	8.80%	13.73%	7.32%	-13	46.7650

Indian Rupee LIBOR Rate (3 month interbank rate)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2010	3.88	3.95	4.00	4.12	4.39	5.20	5.59	6.00
2009	4.08	3.80	3.82	3.45	3.41	3.46	3.38	3.52	3.61	3.62	3.55	3.76
2008	7.14	7.63	7.25	7.14	7.28	8.42	9.52	9.51	9.49	7.83	6.11	4.88

* The table above displays the monthly average.

The London Interbank Offered Rate (LIBOR)

The London Interbank Offered Rate is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank market). It is roughly comparable to the U.S. Federal funds rate. LIBOR is calculated by Thomson Reuters and published by the British Bankers' Association (BBA) after 11:00 am (and generally around 11:45 am) each day (London time). It is a trimmed average of inter-bank deposit rates offered by designated contributor banks, for maturities ranging from overnight to one year. LIBOR is calculated for 10 currencies. There are either eight, twelve or sixteen contributor banks on each currency panel and the reported interest is the mean of the middle values (the interquartile mean). The rates are a benchmark rather than a tradable rate, the actual rate at which banks will lend to one another continues to vary throughout the day. (source: wikipedia)

Global Economics

Australia Extends Rate Pause
Published: 9/7/2010 12:39:14 PM By: TradingEconomics.com, RBA
Australia’s central bank extended its pause in raising interest rates “for the time being” as concern that the global economic recovery may falter trumped evidence of an accelerating expansion at home.

Brazilian Growth Outstrips Forecast
Published: 9/6/2010 11:06:43 PM By: TradingEconomics.com, Bloomberg
Brazil’s economy grew at an annualised rate of 8.9 per cent in the first half of 2010, defying expectations of a more significant slowdown in the second quarter and signalling that the country may beat its previous forecast of 7 per cent growth for the year.

Swiss Inflation Slowed Fourth Straight Month in August
Published: 9/5/2010 10:25:03 PM By: TradingEconomics.com, Bloomberg
Swiss inflation slowed for a fourth straight month in August, giving the central bank room to keep borrowing costs near zero.

ECB Leaves Interest Rates on Hold for 16th Month
Published: 9/5/2010 10:22:37 PM By: TradingEconomics.com
The European Central Bank has left interest rates at 1 percent for the 16th consecutive month as a still-uncertain global outlook clouds optimism about the eurozone's recovery.

Swiss Economy Expanded 0.9% in Q2
Published: 9/5/2010 6:50:37 PM By: TradingEconomics.com, Bloomberg
Switzerland’s economy expanded at a faster pace than economists forecast in the second quarter as companies stepped up spending to meet global demand.

Euro Area Unemployment Rate Remains Stable at 10.0% in July
Published: 9/5/2010 6:16:40 PM By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in July 2010, unchanged compared with June. It was 9.6% in July 2009.

Euro Area Inflation Slows to 1.6%
Published: 9/5/2010 6:07:23 PM By: TradingEconomics.com, Bloomberg
Euro Area consumer prices rose 1.6 percent from a year earlier after increasing 1.7 percent in July, the European Union statistics office in Luxembourg said.

Australia Reports Trade Surplus of $1.71 Billion in July
Published: 9/5/2010 3:31:41 PM By: TradingEconomics.com, Bloomberg
Australia’s trade surplus narrowed by more than economists forecast in July as exports of coal and iron ore fell, while imports rose.

Canadian Growth Slowed in Second Quarter
Published: 9/5/2010 2:10:39 PM By: TradingEconomics.com, WSJ
The Canadian economy in the second quarter expanded at less than half the pace set in the first three months of the year, undercutting economists’ expectations and raising questions about whether the country’s central bank will tighten interest rates next week.

India’s Second Quarter GDP Rises To 8.8%
Published: 9/5/2010 1:59:44 PM By: TradingEconomics.com, MarketWatch
India's economy expanded 8.8% in the second quarter from a year earlier, compared to an 8.6% on-year expansion in the first, lifted by robust activity in manufacturing.