what is repo rate?
- 147 Answers
- 199694 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 / harsha
This is one of the tool that RBI has to control
liquidity/inflation.
When RBI revises the rate for lending MONEY against
Securities to BANKS, it is called REPO RATE. Here, the RBI
is the Lender and the Banks are the borrower. If the REPO
rate is raised by the RBI, then Banks have to borrow money
at higher rate.
When RBI revises the rate for lending SECURITIES for Money
to BANKS, it is called REVERSE REPO RATE. Here, the RBI is
the Borrower and the Banks are the Lender. If the REVERSE
REPO rate is raised by the RBI, then RBI has to borrow
money at higher rate.
| Is This Answer Correct ? | 8 Yes | 4 No |
Post New Answer View All Answers
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
Distinguish value andPrice
What is the important of cash in a business unit
where we use the convetion of conservatisam in real life??
what is the script forms standard text in fico
What is the procedure to become charted accountant in India now. Please answer this is urgent
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
what is the difference between f.f.s and c.f.s?
What is DECR And for wt it is used?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
what are your plans after completing your MBA (or) studies ?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
