1. Volatility Index
3.2. Risk free Interest Rate (R) The relevant tenure of NSE MIBOR rate (i.e. 30 days or 90 days) is being considered as risk-free interest rate (i.e. R 1 = 0.0390 and R 2 =0.0465, in case of the hypothetical example considered subsequently) for the respective expiry months of the NIFTY option contracts. 3.3.
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