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Libor shift: The bank plan to move to alternative reference rates explained

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Libor shift: The bank plan to move to alternative reference rates explained

On July 8, the Reserve Bank of India asked lenders to switch from Libor to other Alternative Reference Rates by December 31, 2021. Business Standard spoke to Siddharth Purohit, Equity Analyst, SMC Global to comprehend the impact of this move on the way banks deal in international contracts among others.

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