Monday, 8 April 2013

Difference Between Bank rate and the Repo rate?

  Though bank rate and the repo rate is same the major difference between them is,
  • Bank rate is a Long term process where the rate is determined by Central Bank(RBI) during normal days whereas
  • Repo rate is the Short term process where the rate is determined by Central Bank(RBI) during Inflation or Deflation period.

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