REPO & reverse REPO
This query is : Resolved
krishna chaitanya
(Querist)
16 September 2010
respected experts
please explain me about REPO and reverse REPO.
thanks in advance for your valuable replies
please explain me about REPO and reverse REPO.
thanks in advance for your valuable replies
CA. Abhishek Sinha
(Expert)
16 September 2010
Repo rate is the interest rate at which the reserve bank of
India lends money to other banks.
Reverse repo rate is interest rate which banks earn on excess funds
parked with the reserve bank of India.
India lends money to other banks.
Reverse repo rate is interest rate which banks earn on excess funds
parked with the reserve bank of India.
VINOD ARORA
(Expert)
16 September 2010
Agreed with Mr Sinha.
In other words...
Repo rate is the discounting rate at which central bank borrows security from commercial banks. Repo means repurchase
agreement b/w RBI &commercial bank.
Reverse repo is the rediscounting rate at which commercial bank borrows discounted security from central bank ie RBI.
In other words...
Repo rate is the discounting rate at which central bank borrows security from commercial banks. Repo means repurchase
agreement b/w RBI &commercial bank.
Reverse repo is the rediscounting rate at which commercial bank borrows discounted security from central bank ie RBI.
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