Please refer to the Financial Benchmark Administrators (Reserve Bank) Directions, 2019 dated June 26, 2019. The list of ‘significant benchmarks’ has been updated, vide, RBI circular dated June 23, 2023.

The following benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) have been notified as significant benchmarks:

(i) Overnight Mumbai Interbank Outright Rate (MIBOR)

(ii) USD/INR Reference Rate

(iii) Treasury Bill Rates

(iv) Valuation of Government Securities

(v) Valuation of State Development Loans (SDL)

(vi) Modified Mumbai Interbank Forward Outright Rate (MMIFOR)