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The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the LIBOR. SOFR is a benchmark rate administered by the Federal Reserve Bank of New York (New York Fed) which replaced the USD LIBOR in June 2023. SOFR itself is a backward-looking overnight rate because it is based on overnight transactions in the U.S. Treasury repo market. and is preferable to LIBOR since it is based on data from observable transactions rather than estimated future borrowing rates. While SOFR became the benchmark rate for dollar-denominated derivatives and loans, other countries have sought their own alternative rates, such as SONIA and EONIA.
April ____ is observed as Himachal Day. Himachal Pradesh became a full-fledged state on this day.
In which Indian state is the Amaravati Stupa, a significant archaeological site, located?
What is the name of the expressway that connects Delhi with Agra?
Which day is declared as International Day of Sport for Development and Peace (IDSDP)?
...“Hundi”is a –
Where in the world the next ICC T20 World cup 2020 will be held?
The State animal of Madhya Pradesh is?
In which Indian state can the Sangai Deer be found?
Examine the following statements about Lakshadweep:
(I) Lakshadweep consists of 12 atolls, 3 reefs, and 5 submerged banks.
(II) All 17 isl...
What is the name of the torch for the 38th National Games?