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 / monty negi
bank rate:
bank rates means rbi lend money to commercial
banks for long period and in the repo rate rbi lend money
to commerical banks for a short- term period by purchasing
the securities.
| Is This Answer Correct ? | 23 Yes | 3 No |
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