what is repo rate?
- 147 Answers
- 200045 Views
- Accenture, Alstom, Birla Sun Life, Capital IQ, Corporation Bank, Dena Bank, Ernst Young, ICICI, Ing Vysya Bank, MBA, Morgan Stanley, Nabard, RBI, Sanat, Siemens, State Bank Of India SBI, TATA, UPSC, I also Faced
- E-Mail Answers
Answer Posted / kirthi
Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI. A reduction in the repo rate
will help banks to get money at a cheaper rate. When the
repo rate increases borrowing from RBI becomes more
expensive. From Jan 2009 the Repo Rate is 5.5%
Reverse Repo rate is the rate at which Reserve Bank of
India (RBI) borrows money from banks. 4%
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is difference between account and accounting
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
what is transposition-cum-demat?
bill to addres? ship to addres? rimit to address?
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
with out college degree con't we dc accounting job?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
commisiion recieved journal entry and receipt required
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?
EXPAND_________SEAMEC
What exactly is derivatives segment. can u explain futures and options with examples...
