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#1
20th September 2012, 07:39 AM
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What is the meaning of Repo Rate in Banking sector?
What is the repo rate in banking sector?
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#2
6th March 2013, 05:43 PM
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Re: What is the meaning of Repo Rate in Banking sector?
REPO RATE:-
When bank is in needs of money for 90 days, then bank gives his securities to rbi, & the intrest charge by rbi on the money is called repo rate . or in simple words:- intrest charge by rbi on the amount which is taken by bank in exchange of securities. present repo rate is 8% good luck |
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