Bharat-22 ETF FFO Currently oversubscribed 1.47x;
Govt Official To CNBC-TV18 | Bharat-22 ETF FFO Currently oversubscribed 1.47x; Govt to raise Rs 8,400 cr from Bharat-22 ETF FFO, with greenshoe option of Rs 2,400 cr
RBI seeks to alter pricing method for money market rates - NDTVProfit.com
Mumbai: The Reserve Bank of India (RBI) on Friday recommended moving away from determining money market benchmarks through the current poll of traders towards one based on the trades done during a set period to remove any possible scope of manipulation.
The draft report issued by the RBI recommended that the overnight Mumbai Interbank Bid Rate-Mumbai Interbank Offered Rate (Mibid-Mibor) fixing, a key gauge in money markets, be based on the volume-based weighted average of traded rates from 9 to 10 in the morning.
That would move pricing away from the current system based on a poll of trader submissions.
The central bank had formed the committee to issue recommendations in the aftermath of regulatory investigations globally into accusations that banks colluded to set money market rates such as the London Interbank Offered Rate (Libor).
The central bank committee also recommended basing the government securities yield curve, including for illiquid debt, on the basis of volume...
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