RBI Introduces Secured Overnight Rupee Rate (SORR): A Step Toward Transparency and Market Stability
The Reserve Bank of India (RBI) has unveiled the Secured Overnight Rupee Rate (SORR) as a new benchmark for the interest rate derivatives market. This significant move aligns with global best practices, promising greater transparency and reliability in India’s financial markets. What is SORR? The Secured Overnight Rupee Rate (SORR) is a benchmark rate based … Read more
