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 / sairam subramaniam
In both the cases, money flows from RBI to the Bank/
Financial Intermediary. But the difference might be in -
1) (REPO TRNSACTION)Sale of securities by banks to RBI and
an agreement to repurchase them.
(TRANSACTION USING BANK RATE) I'm not sure about sale of
securities.
2) (REPO TRANSACTIONS) are for short term money lending.
(BANK RATE TRANSACTIONS) are for long term money lending.
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