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    Question

    Which new benchmark has the RBI introduced to replace

    MIBOR?
    A LIBOR Correct Answer Incorrect Answer
    B SOFR Correct Answer Incorrect Answer
    C SORR Correct Answer Incorrect Answer
    D BIBOR Correct Answer Incorrect Answer
    E TIBOR Correct Answer Incorrect Answer

    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.

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