The Reserve Bank of India today placed on its website the Report of the Committee on MIBOR Benchmark (Chairperson: Shri R. Subramanian). The Committee was set up to review the Rupee interest rate benchmarks in the country, especially the usage of Mumbai Interbank Outright Rate (MIBOR) and to examine the need for transition to new benchmarks.

Comments on the Report are invited from stakeholders and members of the public by November 15, 2024 through email. The comments will be examined before a final view is taken on the recommendations made by the Committee.

(Puneet Pancholy)  
Chief General Manager

Press Release: 2024-2025/1202