INR RBIB definition

INR RBIB or "INR01" each means that the Spot Rate for a Rate Calculation Date will be the Indian Rupee/U.S. Dollar reference rate, expressed as the amount of Indian Rupee per one
INR RBIB or “INR01” each means that the Spot Rate for a Rate Calculation Date will be the Indian Rupee/U.S. Dollar reference rate, expressed as the amount of Indian Rupee per one U.S. Dollar, for settlement in two Business Days reported by the Reserve Bank of India which appears on the Reuters Screen RBIB Page at approximately 12:30 p.m., Mumbai time, or as soon thereafter as practicable, on that Rate Calculation Date.

Examples of INR RBIB in a sentence

  • In the event that the INR RBIB (INRI01) exchange rate is not calculated or published on the Last Trading Day, the Exchange shall determine a Final Settlement Price based upon the best available data.

  • In the event that the INR [RBIB] FBIL (INRI01) exchange rate is not calculated or published on the Last Trading Day, the Exchange shall determine a Final Settlement Price based upon the best available data.

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