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The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the LIBOR. SOFR is a benchmark rate administered by the Federal Reserve Bank of New York (New York Fed) which replaced the USD LIBOR in June 2023. SOFR itself is a backward-looking overnight rate because it is based on overnight transactions in the U.S. Treasury repo market. and is preferable to LIBOR since it is based on data from observable transactions rather than estimated future borrowing rates. While SOFR became the benchmark rate for dollar-denominated derivatives and loans, other countries have sought their own alternative rates, such as SONIA and EONIA.
Prime Minister Narendra Modi recently launched a mission to improve livestock breeds in India by introducing indigenous sex-sorted semen technology. Und...
Recently Ministry of Railways has increase it which of the following registration charges for all goods after increasing the charges of wheat and iron o...
Which country became the first to import 40 megawatts of electricity from Nepal via India's power grid, as part of a trilateral agreement in 2024?
Recently which one of the following fintech firms has announced to invest about $200 million to set up data centers in India?
_____ has announced a five-year business partnership with ServiceNow to invest in and bring new offerings to market that will empower clients to driv...
The Ministry of Heavy Industries launched the PM E-DRIVE Scheme with the goal of accelerating electric vehicle (EV) adoption in India. Which of the foll...
The premium amount for the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is auto-debited from the insured person's bank account on or before:
Which ministry launched BharatGen, the world’s first government-funded multimodal Large Language Model initiative, in 2024?
Which state-owned companies are conducting hydrogen-blended natural gas pilot projects in Gujarat and Madhya Pradesh, similar to the Adani Total Gas pro...
Recently State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92 crore in finance for setting up a 1,320 MW thermal p...