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LIBOR-London Interbank Bid-Offer Rate MIBOR-Mumbai Interbank Bid-Offer rate.
MIBOR is equivalent to daily call rate.It is the overnight rate at which funds can be borrowed and changes everyday.LIBOR is the rate which is quoted for a forward duration .i.e upto 6 months and is fixed everyday for future periods.LIBOR is used for FCY interest rate swaps.
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