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 Posted / 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 |
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