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Tuesday, 18 December 2012

Repo rate and reverse repo rate

Repo rate is the interest rate at which bank borrow from Reserve bank of India(RBI).Reverse Repo is the rate at which banks like sbi,kvb,ib, iob etc lend money to RBI. Presently as on 18Dec2012 cash reserve ratio of 4.35% is in our central reserve bank of India.

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