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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?

Answer Posted / sandeep bharadwaj

REPO RATE is a rate at which rbi or central bank purchases
securities from commercial banks.

BANK RATE is a rate at which rbi or central bank gives the
loan to commercial banks.

RESERVE REPO RATE is a rate at which rbi resale its
security to commercial banks.

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