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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 / yuju
Bank Rate- this is an interest rate that RBI charges to
commercial banks for providing them loans of long term nature.
Repo Rate- this is also interest rate that rbi charges to
commercial banks but for short term loans(approx. 18 days).
another point that differentiate repo rate from bank rate is
that , for taking this short term loan commercial banks has
to deposit some securities to RBI.thats why it is also
called discounting rate.
Reverse Repo- this is interest rate RBI provides to
commercial banks for their deposits with RBI.
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