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Understanding LIBOR enigma and its far reaching impact

Updated : April 24, 2020 06:33 AM IST

LIBOR is widely used as a reference rate across the world for various transactions such as loans, bonds, deposits, derivatives, mortgages, etc.
The Indian taxpayer would need clarifications from Governments in terms of the treatment in case of a one-time payment (if any) or modifications to loan terms on shift to an ARR.
Understanding LIBOR enigma and its far reaching impact

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