Q. Consider the following statements:
MIBOR (Mumbai Interbank Offer Rate) was launched as overnight money market rate by Bombay Stock Exchange
MIBOR is used as bench mark rate for Interest Rate Swaps, Forward Rate Agreements, Floating Rate Debentures and Term Deposits
Which among the above statements hold correct?
Answer: Only 2
Notes: Please note that MIBOR was released by NSE and NOT BSE