Interested to Buy Any Domain ? << Click Here >> for more details...
What is meant by Repo Rate and Reverse Repo Rate.
- 28 Answers
- 151081 Views
- Andhra Bank, Capital IQ, Idbi Bank, Search Enterprises, State Bank Of India SBI, WNS, I also Faced
- E-Mail Answers
Answer Posted / amar singh
Repo rate is the rate at which the banks can borrow money
from a central bank of the country in order to avoid
scarcity of funds.For eg, whenever the banks have any
shortage of funds they can borrow it from Reserve Bank of
India (RBI). Thus Repo rate is the rate at which our banks
borrow rupees from RBI. A reduction in the repo rate will
help banks to get money at a cheaper rate. When the repo
rate increases borrowing from RBI becomes more expensive.
It is also a financial & economic tool in the hands of
government to control the availability of money supply in
the market by altering the repo rate from time to time.
Reverse repo rate is return banks earn on excess funds
parked with the central bank against Government securities
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What Question ask in MARKIT Company?
Define `Realisation` Account? Explain the salient features?
Expand---------DEP
why may types of accounts
what is purchase tax in rajasthan.
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
how an accountant can do budgetery controls of expenses?
what is corporate accounting?
Expand-------ACNS
what is cost accountinp
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
what is the organisation chart for accounting and finance ?
Depreciation method to using Indian company names
