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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 / bhaskar guha
Repo rate is a repurchase agreement between RBI and commercial banks. It is a rate by which RBI provides loans and advances to commercial banks against securities .
On the other hand , Bank rate is a rate by which central bank provides loans to commercial banks for short term purpose.
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