Currency

Base interest rate(benchmark interest rate)

Let's delve into the concept of a "prime rate," shall we? This rate, established and released by commercial banks, serves as the base for calculating the interest on various credit forms. It is often used as a benchmark for determining the interest rates on loans and credit cards. Its influence is far-reaching, impacting both businesses and individuals. Now, let's explore its significance in the world of finance.

Related terms

Overnight

Understand the meaning and definition of Overnight in the context of stock market, trading, and investments.

MORE
Back office

Understand the meaning and definition of Back office in the context of stock market, trading, and investments.

MORE
Cross-rate

Understand the meaning and definition of Cross-rate in the context of stock market, trading, and investments.

MORE
Price

Understand the meaning and definition of Price in the context of stock market, trading, and investments.

MORE
Currency Intervention

Understand the meaning and definition of Currency Intervention in the context of stock market, trading, and investments.

MORE
Rolle-over

Understand the meaning and definition of Rolle-over in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers