REPO RAtE
This query is : Resolved
05 May 2011
What is repo rate and reverse repo rate..please explain...thankssssssssss
05 May 2011
Repo rate is the rate at which RBI lends money to Scheduled banks. Reverse repo rate is the rate at which RBI borrows money from Banks.
currently, repo is increased to 7.25% from 6.75% & Reverse repo is increased from 5.75% to 6.25%...so RBI takes interest at 7.25% and gives interest 6.25% to banks for deposits with rbi....
currently, repo is increased to 7.25% from 6.75% & Reverse repo is increased from 5.75% to 6.25%...so RBI takes interest at 7.25% and gives interest 6.25% to banks for deposits with rbi....
Message likes :
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05 May 2011
Thanks for the reply sir...please temme what is the difference between repo rate and bank rate?? just that repo rate is specifically for schedule banks?
05 May 2011
( Humour )
It seems right now you are studying -
STRUGGLING FIGHTING MANAGEMENT ( SFM ).
.
Bank Rate is a short term finance to commercial banks by RBI.
.
The banks are required to alter their deposit rates in line with the Bank Rate.
.
Repo Rate is also a rate decided by RBI for short term finance to banks which is based on present economic factors.
.
Both look similar but Deposit Rates change when Bank Rate Changes. In Repo-Rate it is not so.
.
Bank Rate is a prime lending rate.
.
Repo-rate is not prime lending rate.
It seems right now you are studying -
STRUGGLING FIGHTING MANAGEMENT ( SFM ).
.
Bank Rate is a short term finance to commercial banks by RBI.
.
The banks are required to alter their deposit rates in line with the Bank Rate.
.
Repo Rate is also a rate decided by RBI for short term finance to banks which is based on present economic factors.
.
Both look similar but Deposit Rates change when Bank Rate Changes. In Repo-Rate it is not so.
.
Bank Rate is a prime lending rate.
.
Repo-rate is not prime lending rate.
Message likes :
1 times
06 May 2011
Thank u sir...
Please throw a bit if more light on the difference between bank rate and repo rate...
Please throw a bit if more light on the difference between bank rate and repo rate...
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