What is meant by Repo Rate and Reverse Repo Rate.

Answer Posted / swapnil

Repo rate means the percentage at which RBI lends money to
other banks.
And reverse repo rate means the interest rate which the
other banks get by depositing their money to RBI.

Is This Answer Correct ?    21 Yes 16 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what happens to each of the three primary financial statements when capital expenditures decrease?

1582


ACCOUNTING CONCEPTS AND CONVENTIONS

1658


please give the sbi bank clerk exam paper model in last five years?

1767


Explain Cash Basis of accounting

1576


Expand-------ATBN

1707






What is the content of purchase order? n content of voucher? what is the main use of voucher.

1525


what is circuit filter?

1491


I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??

1488


define drawer or maker

3769


Expand-------ACNS

1493


Can u please give me example of bonds? is National savings certificate a Bond?

2372


What is the definition of LOSS. Give the formula if any.

1703


what is the main difference between nse & bse operations

1540


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1534


what is the script forms standard text in fico

2232