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.
An industry body reached out to banks this month to start work on the formulation of the SORR, the people said.
Denne historien er fra December 24, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 24, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Niti Aayog Works on Five-Year Plans to Bring Down Carbon Emissions
mate finance group of the finance ministry. \"But economics does not work beyond the headlines,\" the person said, explaining why the think tank has been tasked with the study.
Now, tech tools to test cortisol, soothe anxiety
A range of tech tools for mental health will be showcased at CES '25 in Vegas
This Could Be The Best Core Exercise You've Never Done
A modification of the Zercher squat, the 'ab squat' is a dynamic workout that completely engages your core
For a balanced life, take the heroine's journey
Living a life not attuned to nature's cycles can affect the body and cause digestive issues as well as mental stress
AIF industry: At risk of death by a thousand circulars
Alternative investment funds generate value but have been dealt a harsh blow by over-regulation
Expect Trump's Crackdown on Immigration to Be Disruptive
He is far better placed to act swiftly and harshly this time around
Welfare Programmes Impact the Retail Prices Relevant to People
India must update its inflation metrics to reflect actual consumption expenditure patterns for superior policy formulation
Tweaked for flexibility, NPS awaits tax clarity
This funded pension scheme now offers access to low-cost fund management with its option of staggered withdrawals of what was once a lump-sum. Good. Let's keep its taxation benign
Rupee depreciation is inevitable but its volatility is not
RBI should restrain its active forex management while the Centre aims to attract more dollars
Ten big GenAI developments we saw within the span of a month
Its evolution didn't even pause for a year-end break as the AI wave began turning into a tsunami
