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what is the diff among repo rate,reverse repo rate and bank
rate?
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Answer Posted / sanam chopra
Repo rate is the rate at which banks borrow money from RBI. current repo rate 5.25%
reverse repo is the rate at which Rbi borrows money from bank, currrent rate is 3.75%
Repo is an arrangement basically between two parties where one party keeps the security with the other party to repurchase it from him at a future date and at a higher price.
Bank rate is the rate charged by central bank on loans and advances given.
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