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WHAT IS DIFFERENCE BETWEEN BANK RATE & REPO RATE
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Answer Posted / sudhir sharma
bank rate: (r) means the rate which rbi sales money ot the
comercial bank or in simple language comercial bank takes
loans from the rbi and pay "interest" its bank rate. bank
rate os long-term concept.
repo rate: rbi purchase securities by the govt and com.
banks and provide fund and charges intrest by the govt and
com. bank called repo rate. its short-term concept this is
part of open market operations (omo) (t tool for controling
money supply)
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