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what is the difference between repo rate and bank or
discount rate ?
and
as discount rate are determined by central bank is repo rate
is determined by MPC monitary policy comittee?
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Answer / vikash
Rate at which bank lends money to outsiders is called repo
rate.yes,no
| Is This Answer Correct ? | 1 Yes | 14 No |
Answer / sandeep chhipa
RBI gives the money/loan to commercial bank at minor
interest rate which is known as repo rate.
Bank rate which is a commercial bank takes money from
another commercial bank for short time period that rate
known as bank rate.
| Is This Answer Correct ? | 9 Yes | 74 No |
Answer / pragyansmita sahoo
Repo rate is the rate at which the RBI repurchase the
securities from the commercial banks for a short term
period.
But the discount or Bank rate is the rate at which the RBI
rediscounts the bills of exchange of commercial banks
| Is This Answer Correct ? | 78 Yes | 214 No |
Answer / divya jain
The repo rate is the rate at which the RBI borrows from the
banks, while the bank rate is the rate at which the banks
borrow from the RBI
| Is This Answer Correct ? | 21 Yes | 589 No |
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