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 / srikanth reddy
THE RATE AT WHICH BANKS
BORROW MONEY FROM THE
CENTRAL BANK OF OUR COUNTRY
(RBI) FOR SHORT TIME
PERIOD.
THE RATE AT WHICH BANKS
BORROW MONEY FROM RBI FOR
LONG TIME PERIOD.
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