what is the diff among repo rate,reverse repo rate and bank
rate?
Answer Posted / sanam chopra
Repo rate is the rate at which banks borrow money from RBI. current repo rate 5.25%
reverse repo is the rate at which Rbi borrows money from bank, currrent rate is 3.75%
Repo is an arrangement basically between two parties where one party keeps the security with the other party to repurchase it from him at a future date and at a higher price.
Bank rate is the rate charged by central bank on loans and advances given.
Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
How Does The 2016 Stress Test Compare To Stress Tests In Other Jurisdictions?
How does rupee strengthen when the Reserve Bank of India sells dollars in the market?
Give Examples Of Bank Clerking Duties?
Tell about the different types of banks?
What is Basel II?
What Is Interest Expense?
What is another term for investment banking division?
Tell me something about icfai?
Tell the difference between cheque and demand draft?
Which banking services can be used through information technology (it)?
What Is Atm Banking (automated Teller Machine)?
What are different types of Accounts? State their features?
Who are the partnering organizations with ifbi?
Define PLR?
What is a Bank rate? What is a Repo?