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what is the difference between repo rate and bank or
discount rate ?
and
as discount rate are determined by central bank is repo rate
is determined by MPC monitary policy comittee?
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Answer Posted / kundan singh
Repo Rate
Repo or Repurchase rate is the rate at which banks borrow
funds from the RBI to meet the gap between the demand they
are facing for money (loans) and how much they have on hand
to lend.
The main difference i8s that the Repo rate is charged on
short time. The time range is Few hours to 15 days
Bank Rate
This is the rate at which RBI lends money to other banks (or
financial institutions)
The bank rate signals the central bank's long-term outlook
on interest rates. If the bank rate moves up, long-term
interest rates also tend to move up, and vice-versa.
| Is This Answer Correct ? | 4 Yes | 2 No |
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