Electromagnetic Induction

$X P Q Y$ is a vertical smooth long loop having a total resistance $R$ where $P X$ is parallel to $Q Y$ and separation between them is $l$. A constant magnetic field $B$ perpendicular to the plane of the loop exists in the entire space. A rod $C D$ of length $L(L>l)$ and mass $m$ is made to slide down from rest under the gravity as shown in figure. The terminal speed acquired by the rod is $\_\_\_\_$ $\mathrm{m} / \mathrm{s} .(\mathrm{g}=$ acceleration due to gravity)