Question

The Reserve Bank of India has announced plans to shift away from the MIBOR benchmark. Which of the following represents the new benchmark rate proposed by RBI, derived from secured money market transactions such as basket repo and TREP?

A Secured Overnight Financing Rate (SOFR)
B Secured Overnight Funding Rate (SOFR)
C Secured Overnight Rupee Rate (SORR)
D Secured Overnight Repo Rate (SORR)
E Secured Overnight Interbank Rate (SOIR)
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