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The Reserve Bank of India (RBI) has asked banks and financial institutions to adopt by July 1 a widely accepted Alternative Reference Rate, such as the Secured Overnight Financing Rate (SOFR), to complete the transition from the scandal-hit London Interbank Offered Rate (LIBOR) and Mumbai Interbank Forward Outright Rate (MIFOR). Banks and private companies were using LIBOR as the benchmark rate for raising funds abroad. It was a key benchmark for setting the interest rates charged on adjustable-rate loans, mortgages and corporate debt. New transactions are now predominantly undertaken using SOFR and the Modified Mumbai Interbank Forward Outright Rate (MMIFOR). SOFR is considered a more accurate and more secure pricing benchmark.
Which millet is traditionally known as the “camel crop” due to its extreme drought tolerance?
Which new breed evolved through the grading up local buffalo of coastal andhra pradesh with murrah over generation
The giant water lily is national flower of which country
The main objective of blanching is/are:
Which reptile is characterized by the presence of four-chambered heart?
A commercial bio-herbicide for the control of Sorghum halepense
. Opening up of monopoly markets to increase foreign and domestic competition is:
Yellow mosaic in soyabean is caused by
Who introduced “noise” as an element in the model of communication process?
In general, Formative stage of sugarcane crop occurs after: