MONEY MARKETS-Dollar Libor posts biggest drop since 2009

September 18, 2015 1:01 PM

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NEW YORK, Sept 18 A benchmark interest rate for banks to borrow dollars registered its biggest single-day drop in over six years on Friday after the U.S. Federal Reserve left policy rates near zero on concerns about global risks and recent market turmoil.

The London interbank offered rate for three-month dollars fell to 0.31920 percent on Friday, down 2.59 basis points from Thursday. This was the biggest fall since a 5.5 basis point decline in May 21, 2009.

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