what is the diff among repo rate,reverse repo rate and bank
rate?
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Answer Posted / sudhakar bhartiya
repo rate is the rate at which RBI lends the money to other
banks, reverse repo rate is the rate at which RBI borrows
money from other banks to suck the money or excessive money
from the market. bank rate is similar to the repo rate,
difference only being is that repo rate is for smaller
period of time while bank rate applies for the longer
period of time.
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