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 / rajni
Repo Rate - short for repurchase rate, is the rate at which
banks borrow money from RBI. In this, banks mortgage their
government securities and it is generally for a short term.
Bank rate is also the rate at which banks borrow from RBI
but in this there is no morgaging of securities involved. It
is a long term lending. Influenced by govt's monetary policies.
At present - Repo rate is 4.75%, Bank Rate - 6%
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