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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 / sandeep bharadwaj
REPO RATE is a rate at which rbi or central bank purchases
securities from commercial banks.
BANK RATE is a rate at which rbi or central bank gives the
loan to commercial banks.
RESERVE REPO RATE is a rate at which rbi resale its
security to commercial banks.
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