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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 Posted / 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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