WHAT IS DIFFERENCE BETWEEN BANK RATE & REPO RATE
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Answer Posted / anurag
Repo Rate is clear in above answers.
Bank rate, also referred to as the discount rate, is the
rate of interest which a central bank charges on the loans
and advances that it extends to commercial banks and other
financial intermediaries. Changes in the bank rate are
often used by central banks to control the money supply.
| Is This Answer Correct ? | 5 Yes | 8 No |
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