what is meant by bank rate?
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Answer / sobhan babu
It is the rate at which the RBI purchases or rediscounts the bills of exchange, commercial paper. It is also the rate at which the RBI lends money to the Commercial Banks.
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Answer / lucky
it is the rate at which the RBI dicounts the first class
bill.
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What is CRR, SLR, REPO, REVERSE REPO RATE AT PRESENT?
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