Bank Rate & Repo Rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2010
sir, please tell me that what is the difference between Bank Rate & Repo Rate?
When is Bank Rate applicable & when repo Rate applicable?
Give example.
When is Bank Rate applicable & when repo Rate applicable?
Give example.
27 April 2010
Bank rate: The interest rate charged by a bank for loans.
Repo rate:Discount rate at which a central bank repurchases government securities from the commercial banks, depending on the level of money supply it decides to maintain in the country's monetary system.
Repo rate:Discount rate at which a central bank repurchases government securities from the commercial banks, depending on the level of money supply it decides to maintain in the country's monetary system.
27 April 2010
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