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      Question

      Which market is the new SORR benchmark derived from?

      A Equity markets Correct Answer Incorrect Answer
      B Unsecured interbank markets Correct Answer Incorrect Answer
      C Secured money markets Correct Answer Incorrect Answer
      D Commodity futures market Correct Answer Incorrect Answer
      E Global forex markets Correct Answer Incorrect Answer

      Solution

      SORR, the Secured Overnight Rupee Rate, is derived from secured money markets, including basket repo and triparty repo (TREP). This benchmark is more transparent and trade-based than the current MIBOR, which relies on polled rates. SORR reflects actual transactions, offering greater accuracy and stability.

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