The rate at which banks borrow short-term loan from RBI?
The rate at which banks borrow short-term loan from RBI?
1). Repo rate
2). Reverse repo rate
3). MSF rate
4). Bank rate
1 answers
|
Rate |
Description |
|
Repo rate |
It is the rate of interest which is levied on the short-term (2 - 90 days) loans taken by commercial banks from the Reserve Bank of India. Current Repo rate is - 6.50% |
|
Reverse repo rate |
It is the rate of interest at which Reserve Bank of India borrows the surplus funds with the commercial banks. Current Reverse repo rate is - 6.25% |
|
MSF rate |
It is the rate at which banks can borrow overnight from the Reserve Bank of India. This was introduced in the monetary policy of RBI for the year 2011-12 Current MSF rate is - 6.75% |
|
Bank rate |
It is the rate of interest levied on long-term (90 days - 1 year) loans and advances taken by commercial banks from the Reserve Bank of India Current Bank rate is - 6.75% |
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