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what is the difference between bank rate and repo rate?
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Answer Posted / rahul sharma
repo rate is a short-term measure, i.e. applicable to short-
term loans and used for controlling the amount of money in
the market,
bank rate is a long-term measure and is governed by the
long-term monetary policies of the governing bank concerned.
| Is This Answer Correct ? | 7 Yes | 3 No |
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