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Secured Overnight Rupee Rate
December 13 , 2024
12 hrs 0 min
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- RBI has announced Introduction of the Secured Overnight Rupee Rate (SORR) a benchmark based on the secured money markets.
- The RBI had set up the Committee on the MIBOR Benchmark to review the Rupee interest rate benchmarks in the country.
- SORR is a benchmark based on secured money markets.
- It will be based on secured money market transactions in both the market repo and tri-party repo or TREP segments.
- SORR will be more representative of the overnight market funding rate rather than just the call money rate.
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