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 / amir farooq khan
bank rate means the rate at which rbi is prepared to lend
or to rediscount the bills of bank.it is a quantitative
method of credit control. currently it is 6%..whereas repo
rate is a rate at which commercial banks borrow from rbi by
selling secuities to rbi.currenly it is 5.25%
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