FBIL announces the benchmark for Market Repo Overnight Rates (FBIL- MROR) on a daily basis, except Saturdays, Sundays and local holidays. The benchmark rate is calculated based on the Basket Repo trades executed on the Basket Repo segment on the CROMS Platform of Clearing Corporation of India (CCIL) in the first hour of trading between 9.00 AM to 10 AM. The CCIL acts as the Calculating Agent. The rate is announced by 10.45 AM every day. However, if the time is extended due to non-fulfillment of threshold criteria, the dissemination time may get suitably extended.
FBIL has developed the FBIL-MROR, as a new benchmark for near risk free rate for the money market. The publication of MROR commences from 12th December, 2017.