Interested to Buy Any Domain ? << Click Here >> for more details...
What is meant by Repo Rate and Reverse Repo Rate.
- 28 Answers
- 150166 Views
- Andhra Bank, Capital IQ, Idbi Bank, Search Enterprises, State Bank Of India SBI, WNS, I also Faced
- E-Mail Answers
Answer Posted / kavita poddar
Repo (Repurchase) rate is the rate at which the RBI lends
shot-term money to the banks. When the repo rate increases
borrowing from RBI becomes more expensive. Therefore, we
can say that in case, RBI wants to make it more expensive
for the banks to borrow money, it increases the repo rate;
similarly, if it wants to make it cheaper for banks to
borrow money, it reduces the repo rate.
Reverse Repo rate is the rate at which banks park their
short-term excess liquidity with the RBI. The RBI uses
this tool when it feels there is too much money floating in
the banking system. An increase in the reverse repo rate
means that the RBI will borrow money from the banks at a
higher rate of interest.
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
let me know the minimum Accounting Heads in an accounting system
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
Define Salry for the following purpose 1.To calculate HRA
npa is either person or account
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
Expand ----------GIDB
what is the uniform public construction cost accounting act?
What is Home Loan Modification?
whst is detailed information aboutaccounting standards 20to 29
What is the basic difference between pledge, hypothication and mortgage????
Expand---------NPTO
what are the steps used in UAT in Oracle Apps?
how to mention last year profit of ay private limited company in current year balance sheet ?
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
