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In the Monetary policy statement of December 2021, RBI stated that following for External Commercial Borrowing (ECB)/Trade Credit (TC) - Transition from LIBOR to Alternative Reference Rate (ARR): Currently, the benchmark rate for Foreign Currency (FCY) External Commercial Borrowings (ECB)/Trade Credit (TC) is specified as 6-months LIBOR rate or any other 6-month interbank interest rate applicable to the currency of borrowing. In view of the imminent discontinuance of LIBOR, any widely accepted interbank rate or alternative reference rate (ARR) applicable to the currency of borrowing may be used as a benchmark, post discontinuation. To take into account differences in credit risk and term premia between LIBOR and the ARRs, for new foreign currency ECBs and TCs, it is proposed to revise the all-in-cost ceiling from 450 bps to 500 bps and from 250 bps to 300 bps, respectively, over the ARRs. To enable transition of existing ECBs and TCs linked to LIBOR, it is proposed to revise the all-in-cost ceiling from 450 bps to 550 bps and from 250 bps to 350 bps respectively, over the ARRs.
In the question given below, two phrases in a sentence are highlighted which may or may not be correctly used. From the given choices choose the corre...
The more money the governments pored into it, the harder it was to walk away.
...Select the incorrectly spelt word
In the question below, a sentence is given with one blank, followed by five options, each having two words which may or may not fit in the blank. From ...
The new restaurant on Main Street is cheap than the old one.
From the options given below, select the option which states the correct combination of correct sentences.
I) The project was completed successfu...
Select the option that contains all correctly spelt
The company's new product don't meet the customers' expectations , leading to a significant drop in sales.
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Select the phrase from the options below that should replace the underlined phrase in the sentence to make it grammatically and contextually correct. I...