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what is the difference between bank rate and repo rate?
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Answer Posted / deveshvarshney
Repo rate and bank rate are the rates at which RBI lends
money to commercial banks or commercial banks borrow the
money from RBI....but the only difference betwwen the two
terms is that Repo rate is for short term and bank rate is
for long term....
| Is This Answer Correct ? | 7 Yes | 5 No |
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