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Currency

LIBOR (London Interbank Offered Rate)

Let us delve into the concept of the average weighted interest rate on interbank loans, a crucial aspect of the finance world. This rate is determined by the participating banks in the London interbank market, who offer funds in various currencies and time periods ranging from one day to one year. Since 1985, the British Banking Association has been diligently recording these rates for reference.

INR

The currency symbol for the Indian Rupee is ₹, which is derived from the Devanagari letter "र" (ra). The Rupee is the official currency of India and is used by over 1.3 bill...

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Yen

The Japanese yen, established in 1872, is the official currency of Japan and holds significant value as a reserve currency globally. Its history and current status make it a...

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Dollar rate

This rate is constantly changing and can have a significant impact on international trade and investments. The exchange rate is a crucial concept in the world of finance. It...

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Federal Reserve System (Fed)

Let's discuss the Federal Reserve, an autonomous financial establishment that functions as the US's central bank. This institution was established on December 23, 1913, with...

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