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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 / sathish
Repo rate is the rate at which RBI lends money to
commercial banks for the SECURITIES. Presently it is 4.75%
Bank rate is the rate at which commercial bank borrows
money from RBI when it is short in cash.. Presently it is 6%
| Is This Answer Correct ? | 9 Yes | 11 No |
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