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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 / bharti
repo rate purely means a rate at which banks borrow funds
from RBI in case of need by selling its securities.
in case of bank rate is the rate at which banks borrow
funds from RBI but there is no sell of securities.
| Is This Answer Correct ? | 5 Yes | 0 No |
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