bank audit
This query is : Resolved
22 October 2008
What is repo rate and reverse repo rate. anyone having file mail me
22 October 2008
Repo rate is the rate at which the banks borrow funds from RBI and reverse repo rate is the rate at which banks place their surplus funds with RBI. When the repo rate is cut, banks are in a position to get access to cheaper funds because of which their borrowing increases and liquidity in the market also increases.
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