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