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what is repo rate?
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- 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
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Answer Posted / sandeep singh
THE RATE AT WHICH RBI REPURCHASES GOURNMENT SECURITIES FROM
BANKS. IN RETUREN, BANKS GET CASH TO MEET THEIR SHORT TERM
REQUIRMENTS. WHEN RBI WANTS TO INCREASE LIQUDITY IN THE
SYTEM,IT REDUCES THE REPO RATE.
BY_
SANDEEP SINGH
UNIVERSITY OF ALLAHABAD
E-MAILID
1-sandip.au2008@gmail.com
2- sandip.au2005@radiff.com
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