Social Sciences, asked by erinchristian188, 6 months ago

Who decides the bank rate ?

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Answered by shivanshraj00

Answer:

Reserve Bank of India

India. In India, the Reserve Bank of India determines the bank rate, which is the standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial bills eligible for purchase under the RBI Act 1934 (sec. 49).

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Who decides the bank rate ?​

Answers

Who decides the bank rate ?