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.
Anil, Sunil, and Rajesh can complete a project working alone in 6, 8, and 12 days, respectively. If they all work together to complete the project and e...
Ratio of the work done by P, Q and R in one day is 7:3:8 respectively. They all together can complete the work in 42 days. Q and R worked on it for 21 d...
‘A’ alone can complete a work in 50 days while ‘A’ and ‘B’ together can complete the same work in 20 days. How much percentage of the work, ...
Amit, Bheema, and Chetna can finish the task in 32 days, 24 days, and 30 days respectively. If they start the task together, and ...
A and B together, B and C together and A and C together can complete a piece of work in 10 days, 14 days and 18 days respectively. Find the ratio...
A and B can complete a work together in 36 days. If A alone can complete one-third of the work in lsquo;xrsquo; days and remaining work is completed by ...
P can do a piece of work in 12 days, Q can complete double the work in 20 days and R can do the work in 15 days. If all of them together earn Rs. 2500, ...
Ratio of the work done by P, Q and R in one day is 7:4:9 respectively. They all together can complete the work in 44 days. Q and R worked on it for 30 d...
‘A’ and ‘B’ together can complete a work in 12 days, while ‘B’ and ‘C’ together can complete the work in...
12 men take 6 days to complete a piece of work. They worked for a period of 2 days. After that, they were joined by 4 more men. How many more days will ...