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Are Bankrate, Discount rate and Repo rate the same in Indian context?
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Answer Posted / badri.jena
The above explanation was near to answer but not correct.
The bank rate is also known as Discount rate, through this
rate central bank of a country give loans and advances to
commercial banks. It is also a tool of central bank to curb
inflation and deflation as well.
Whereas repo rate is the rate, the central bank charges
when commercial banks approach for borrowings to bridge
their fund shortages.
| Is This Answer Correct ? | 4 Yes | 0 No |
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