Question

The Reserve Bank of India (RB

  • I , based on the recommendations of the Committee on the MIBOR Benchmark, has proposed replacing the existing MIBOR with a new benchmark rate. What is the name of this new rate?
A Secured Overnight Repo Rate (SORR)
B Secured Overnight Rupee Rate (SORR)
C Secured Overnight Financing Rate (SOFR)
D Secured Overnight Interbank Rate (SOIR)
E Treasury Repo Benchmark Rate (TRBR)
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