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RBI/2019-20/133
FMRD.FMSD.22/03.07.035/2019-20
January
01, 2020
To
All the Financial Benchmark
Administrators
Dear Sir/Madam
Financial
Benchmark Administrators (Reserve Bank) Directions, 2019
Please refer to the Financial Benchmark Administrators
(Reserve Bank) Directions, 2019, dated June 26, 2019.
2. As provided in paragraph 3(i)
of the above directions, the Reserve Bank hereby notifies the following
benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as a
‘significant benchmark’:
1.
Overnight
Mumbai Interbank Outright Rate (MIBOR)
2.
Mumbai
Interbank Forward Outright Rate (MIFOR)
3.
USD/INR
Reference Rate
4.
Treasury
Bill Rates
5.
Valuation
of Government Securities
6.
Valuation
of State Development Loans (SDL)
3. Further, in terms of
paragraph 3(ii) of the above directions, the person administering the
‘significant benchmark’, shall make an application to the Reserve Bank
within a period of three months from the date of this notification for
authorization to continue administering these benchmarks.
4. This notification has been
issued by the Reserve Bank as required under the Financial Benchmark Administrators
(Reserve Bank) Directions, 2019, dated June 26, 2019.
Yours
faithfully
(Saswat
Mahapatra)
Deputy General Manager
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