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Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.
The rate charged by RBI for its Repo operations is 5.75% and Reverse Repo rate is 3.25%.
When RBI lends money to bankers against approved securities for meeting their day to day requirements or to fill short term gap.It takes approved securities as securityand lends money.These types of operations are generally for overnight operations.
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Updating today-27th of March 2010-for ur SBI clerk interview.
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The Reserve Bank of India (RBI) has hiked the repo and reverse repo rate
by 25 basis points (100 bps=1%). The new repo and reverse repo rate is 5%
and 3.5%, respectively. The hike comes into effect immediately.
Add your answer:
Earn +20 pts
Repo rate by rbi?
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
Why rbi increases or decreases repo rate and reverse repo rate?
through this rbi controls inflation and deflation.
What is the present repo rate and reverse repo rate of RBI?
Repo rate is 7.25 reverse Repo is 6.25
Define repo rate?
REPURCHASE RATE IS ALSO KNOWN AS REPO RATE Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.
Who fixes the repo rate?
RBI
What is CRR rate by RBI of India?
the Repo rate, Reserve repo rate and CRR as of 03 January 2009 are as follows: Repo Rate: 5.6% CRR: 5% Reverse Repo rate: 4.1% Source: RBI
What is the current repo rate and reverse repo rate and bank rate by RBI in India?
As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%
Repo rate by rbi?
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
Why rbi increases or decreases repo rate and reverse repo rate?
through this rbi controls inflation and deflation.
What is the present repo rate and reverse repo rate of RBI?
Repo rate is 7.25 reverse Repo is 6.25
Define repo rate?
REPURCHASE RATE IS ALSO KNOWN AS REPO RATE Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.
Simple definition of Repo Rate?
Repo rate is the rate at which RBI lends money to scheduled banks. Its also called Repurchase rate. Reverse Repo Rate is the rate at which RBI borrows money from banks.
Who fixes the repo rate?
RBI
Which of the rate is not determined of RBI?
reverse repo rate..
What is meaning to Repo rate?
the no of times a husband sleeps with his wife is called repo rate
What is repo rate and reverse repo rate?
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
Repo rate and reverse repo rate?
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
