Question
Which new benchmark has the RBI introduced to replace
MIBOR?Solution
The Reserve Bank of India has introduced the Secured Overnight Rupee Rate (SORR) to replace the Mumbai Interbank Outright Rate (MIBOR). SORR is based on secured money markets like basket repo and triparty repo (TREP) to ensure transparency and accuracy in interest rate benchmarks.
What is the intended purpose of the 5% run-off factor enforced by the Reserve Bank of India on digitally accessible retail deposits?
What does the Supreme Court's judgment on the electoral bonds scheme and related amendments declare?
Which of the following airlines firm in India has selected Meta software 'Workplace' for intra-company communications?
Which of the following is NOT a property of magnetic lines of force?
Neeruswamy Pillai and Rajaratanam Pillai are exponents of which musical instrument?
Who was named the Player of the Year for 2023 in the men’s category at the sixth annual Hockey India Awards?
Which of the above statements is/are correct about BIMSTEC:
1. The BIMSTEC intra-regional trade is significantly greater than ASEAN’s.
2...
Who is set to inaugurate a new campus in Gurugram, according to a 2024 report?
How much content is available in Teaching Kits within The TeacherApp?
What is the target revenue generation from India’s first e-waste recycling park in Delhi?
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