ShareWhat is IBR, spot rate, live rate? IBR refers to inter bank rate. In common parlance, all the three words have similar meanings i.e., live prevailing rate at a particular point in time. Technically, there is small difference amongst these words.Was this FAQ helpful to you? Related FAQs What is MTM and does it fluctuate? What are the factor deciding forward premium/discount? Can I find forward premium rates online? Am I speculating by utilizing the forward contract earlier? Bank has agreed for 5 paisa per USD as its margin for FX remittances. However, it is charging higher margin USD borrowings like ECB, FCTL and PCFC. Is that the norm? Is there a major difference in buying and selling rate? Leave a Reply Click here to cancel reply. Name Email (will not be published) Website Comment