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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2010 Dear all,
What is REPO and Reverse REPO.Let m know it. Its very urgent
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NISHIT A. DOSHI

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NISHIT A. DOSHI (Expert)
05 August 2010 Hi,

REPO means the rate at which RBI gives money to the other banks and REVERSE REPO means the rate at which other banks give money to RBI.

Thanks.

C.A.NISHIT DOSHI
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