Economy, asked by vikesh9277, 10 months ago

difference between bankrate and raporate

Answers

Answered by faridkhann

Answer:

Your answer is here.

Explanation:

☛ Bank Rate and Reporter .

Bank Rate and REPO rate are almost similar in nature. The central bank(RBI for India) lends money to private bank for which the private bank needs to pay interest rate. The only difference is that REPO rate is used to lend money for short term while bank rate for long term.

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