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Bank Rate & Repo Rate

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Querist : Anonymous

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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.

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.





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