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?
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Answer Posted / sandeep chhipa
RBI gives the money/loan to commercial bank at minor
interest rate which is known as repo rate.
Bank rate which is a commercial bank takes money from
another commercial bank for short time period that rate
known as bank rate.
| Is This Answer Correct ? | 9 Yes | 74 No |
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