Question

What is the purpose of the RBI's Secured Overnight Rupee

SORR is introduced to replace the Mumbai Interbank Offer Rate MIBOR with a benchmark based on actual transactions in the money market

Rate (SORR)?

A Enhance international trade settlements

B Replace MIBOR as a transaction-based benchmark

C Promote the use of blockchain in financial markets

D Increase transparency in corporate bond markets

E Facilitate real-time payment settlements

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