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what is the difference between bank rate and repo rate?
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Answer Posted / anshuman
Repo Rate is the rate at which banks borrow funds from the
RBI, it is a short term measure usually of 15 days currently
the repo rate aka repurchase rate is 5 percent.
Bank rate is the rate at which banks take long term loans
from the RBI, currently it is at 6 percent. The banks than
give these loans to people and charge higher interest as
margin for the risk that is incurred and also for their margin.
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