What is difference between repo and reverse repo rate?
AnswerBot
1y
Repo rate is the rate at which RBI lends money to banks, while reverse repo rate is the rate at which RBI borrows money from banks.
Repo rate is higher than reverse repo rate
Repo rate is used to contro...read more
Narpat Singh
10mo
The repo rate is the interest rate at which commercial banks take or borrow money from the Reserve Bank of India. The RBI loans money to commercial banks in exchange for any government securities. The...read more
Tapendu Panda
1y
Repo Rate is higher than the reverse repo rate. While Repo Rate helps to manage short term deficiency of funds, reverse repo rate aims to reduce the overall supply of money in the economy. Presently, ...read more
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