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what is the difference between bank rate and repo rate?
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Answer Posted / aswini nayak
Bank Rate is the rate charged by banks to other banks.
Normally when any banks faces liquid problem it approches
other banks for short term loan. So in that case the rate
is called bank rate. Repo rate is the rate charged by RBI
when it lends to commercial banks.
| Is This Answer Correct ? | 2 Yes | 11 No |
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