KINDLY EXPLAIN REPO AND REVERSE REPO???
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 14 October 2010
REPO RATE: - A RATE AT WHICH RBI PROVIDE FUND TO COMMERCIAL BANKS KNOWN AS REPO RATE:
REVERSE RATE: WE KNOW COMMERCIAL BANKS NEED TO KEEP SOME MONEY WITH RBI EVERYTIME & RBI PAY INTREST ON THIS AMOUNT TO BANKS ....THIS RATE KNOWN AS REVERCE REPO RATE
CAclubindia
