Card rate
The rate fixed by a bank at the beginning of the day for retail purchases and sales regardless of intraday movement, revised multiple times on volatile days and varying significantly from bank to bank.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series I← All terms