Interested to Buy Any Domain ? << Click Here >> for more details...
what is the effect of repo rate
- 4 Answers
- 14462 Views
- BIIB Pune, Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chalapathi rao govada
Whenever the banks have any shortage of funds they can
borrow it from RBI. Repo rate is the rate at which our
banks borrow rupees from RBI. A reduction in the repo rate
will help banks to get money at a cheaper rate. When the
repo rate increases borrowing from RBI becomes more
expensive.
One more clarification ot you as a value addition........
Reverse Repo rate:
Reverse Repo rate is the rate at which Reserve Bank of
India (RBI) borrows money from banks. Banks are always
happy to lend money to RBI since their money are in safe
hands with a good interest. An increase in Reverse repo
rate can cause the banks to transfer more funds to RBI due
to this attractive interest rates. It can cause
| Is This Answer Correct ? | 84 Yes | 6 No |
Answer / subhash
But bank rate is also the rate at which banks borrow money
from the RBI.Then what exactly the difference between bank
rate & repo rate.
| Is This Answer Correct ? | 16 Yes | 7 No |
Answer / monika
Increase in repo rate make the loan costly for general public. bcoz the repo rate is the rate at which commercial banks take loan from RBI and the money which they get is given to general public at high rate of interest. ex- repo rate is 7% then the loans of different kinds will be costly.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / deepak
bank rate is the rate at which banks discount their bills,
not at which it borrowa from RBI which is repo rate
| Is This Answer Correct ? | 3 Yes | 2 No |
Who is Finance minister of India?
What is difference between profit, revenue?
what is service bill and what is the nature of this bill how handle in a firm and how treat thi type entry in tally FOR EXA. SERVICE CHARGE AMOUNT IS = 1500 ADD SERVICE CHARGE @10.3 = 154.50 ADD SURCHARGE @2% ON SERVICE CHARGE = 3.90 ADD CESS EDUCATION TAX 1%ON SERVICE TAX= 0.0309 TOTAL AMOUNT =
What is the accounting treatment for TDS and service tax?
we have send material through air cargo, can we deduct tds
What is income tax,sales tax and vat?
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
State why you feel you are suitable candidate for the post applied
basic rules in accounting
10 Answers CA, ITC Infotech, KDCC,
what do you mean by contra entry? and where it is used?
34 Answers Accenture, AXA, L&T,
i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
what is Accounting Standers?
Audit 
