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what is bank rate?
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Answer Posted / hanuman
bank rate is that intrest rate at which RBI(the lendor of
last resort)lends money to commercial banks(all other
banks).bank rates are changed by RBI to control the money
supply among banks.
| Is This Answer Correct ? | 3 Yes | 0 No |
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hi frn iam Ashish frm nepal..ihave got my bank balance in my own name incase of my father or mother.coz they are in Israel and they havent open their account here in nepal...my interview is in 29 nov....so what to do for this problem..if this question is asked than what shall i do?plz reply soon....
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