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?
Answer Posted / arvind kumar
Repo rate is the rate at which banks borrow funds from the
RBI to meet the gap between the demand they are facing for
money (loans) and how much they have on hand to lend.
and
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 ? | 44 Yes | 14 No |
Post New Answer View All Answers
how many members can be created inside a single pds?
What is a Barter economy?
last date of payment & filing return for s.tax for co.
What is balanced growth of an Economy?
can anyone tell me the number of the bill Obama just signed on Mar. 2, 2010, on unemployment benefits, so I can research it?