RBI tells banks to move away from London Interbank Offered Rate (LIBOR) by July | Anirudh | Economy

Link to PDF - https://unacademy.com/content/upsc/rbi-to-indian-banks-stop-using-london-interbank-offered-rate-libor/

The Reserve Bank of India (RBI) told banks and other regulated entities to ensure a complete transition away from the London Interbank Offered Rate (LIBOR) from July 1

The complete transition from LIBOR is a significant event in the global financial markets which requires continued attention from all stakeholders to mitigate operational risks and ensure an orderly transition, RBI said

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