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what is meant by bank rate?
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Answer / sobhan babu
It is the rate at which the RBI purchases or rediscounts the bills of exchange, commercial paper. It is also the rate at which the RBI lends money to the Commercial Banks.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / lucky
it is the rate at which the RBI dicounts the first class
bill.
| Is This Answer Correct ? | 2 Yes | 4 No |
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