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    Question

    What new benchmark has the RBI proposed to replace

    MIBOR for the interest rate derivatives market?
    A Secured Overnight Rupee Rate (SORR) Correct Answer Incorrect Answer
    B Unified Rupee Rate (URR) Correct Answer Incorrect Answer
    C Repo Market Index (RMI) Correct Answer Incorrect Answer
    D Overnight Liquidity Rate (OLR) Correct Answer Incorrect Answer
    E Financial Stability Rate (FSR) Correct Answer Incorrect Answer

    Solution

    SORR is based on secured money markets, such as basket repo and triparty repo, offering a more transparent and accurate benchmark compared to MIBOR.

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