|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
: Swiss bank UBS will pay $1.5 billion in a settlement with U.S., British and Swiss regulators for trying to rig a key interest rate. Two traders have also been charged with conspiracy, and the bank's Japan unit will plead guilty to felony wire fraud in the U.S.
THE RATE: The rate in question, the London Interbank Offered Rate, or LIBOR, is used to price trillions of dollars in contracts worldwide, including mortgages and credit cards.
THE SCANDAL: Other big global banks are also being investigated for rigging the same market. Britain's Barclays settled with regulators in June.