What is Repo Rate? - Study24x7
Social learning Network

Default error msg


New to Study24x7 ? Join Now
Already have an account? Login
14 Apr 2023 11:17 AM study24x7 study24x7

What is Repo Rate?


When a bank has excess cash, they buy securities from RBI against cash on the condition that they resell the securities to RBI on a prefixed day and price


It is the rate at which RBI allows temporary loan facilities to commercial banks against government securities on the condition that the bank will repurchase the securities within a short period


Rate offered by banks to their premium customers


When a bank needs cash it can it can discount bills of exchange and avail loan facilities from the Reserve Bank of India

Write a comment
Related Questions
500+   more Questions to answer
Most Related Articles