The banks want the swaps to reference the newly-proposed Secured Overnight Rupee Rate (SORR) instead of the prevailing Mumbai Interbank Outright Rate (MIBOR), the people said, asking not to be named as the discussions are private.
The move is intended to improve price discovery in the interest-rate swap market, an opaque but important part of the financial system that helps banks and corporations manage their risks.
Denne historien er fra December 24, 2024-utgaven av Hindustan Times Patna.
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Denne historien er fra December 24, 2024-utgaven av Hindustan Times Patna.
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