Question

What new benchmark has the RBI proposed to replace MIBOR

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

for the interest rate derivatives market?

A Secured Overnight Rupee Rate (SORR)

B Unified Rupee Rate (URR)

C Repo Market Index (RMI)

D Overnight Liquidity Rate (OLR)

E Financial Stability Rate (FSR)

Practice Next

More Monthly Quiz General Awareness Questions

Solution