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Repo Rates Discount rate at which a central bank repurchases government securities from the commercial banks, depending on the level of money supply it decides to maintain in the country's monetary system. To temporarily expand the money supply, the central bank decreases repo rates (so that banks can swap their holdings of government securities for cash), to contract the money supply it increases the repo rates. Alternatively, the central bank decides on a desired level of money supply and lets the market determine the appropriate repo rate.
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What is the bank rate of India currently?
Now It Is 6%.
What is the todays US Dollar currency selling rate in India?
The rate will vary from bank to bank or money changer. As of 16Oct09, the interbank rate was 42.25 but expect to give up a few more rupees than that for a US Dollar.
How do you buy gold bar from state bank of India?
I purchase gold certificate for current rate, which bank provide me certificate and after purchase any time sold it. what documents will produce.
What is the rate of interest for different types of bank accounts in India?
The different types of banks in India are:Commercial BanksInvestment BanksRetail BanksWholesale BanksRural Banks
WHAT IS scheduled bank?
Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.The banks included in this schedule list should fulfil two conditions.1. The paid capital and collected funds of bank should not be less than Rs. 5 lac.2.Any activity of the bank will not adversely affect the interests of depositors.Every Scheduled bank enjoys the following facilitiess.1. Such bank becomes eligible for debts/loans on bank rate from the RBI2. Such bank automatically acquire the membership of clearing house.The following are the Scheduled Banks in India (Public Sector):State Bank of IndiaState Bank of Bikaner and JaipurState Bank of HyderabadState Bank of IndoreState Bank of MysoreState Bank of SaurashtraState Bank of TravancoreAndhra BankAllahabad BankBank of BarodaBank of IndiaBank of MaharashtraCanara BankCentral Bank of IndiaCorporation BankDena BankIndian Overseas BankIndian BankOriental Bank of CommercePunjab National BankPunjab and Sind BankSyndicate BankUnion Bank of IndiaUnited Bank of IndiaUCO BankVijaya BankThe following are the Scheduled Banks in India (Private Sector):ING Vysya Bank LtdAxis Bank LtdIndusind Bank LtdICICI Bank LtdSouth Indian BankHDFC Bank LtdCenturion Bank LtdBank of Punjab LtdIDBI Bank LtdThe following are the Scheduled Foreign Banks in India:American Express Bank Ltd.ANZ Gridlays Bank Plc.Bank of America NT & SABank of Tokyo Ltd.Banquc Nationale de ParisBarclays Bank PlcCiti Bank N.C.Deutsche Bank A.G.Hongkong and Shanghai Banking CorporationStandard Chartered Bank.The Chase Manhattan Bank Ltd.Dresdner Bank AG.In the Private Sector category, Centurion Bank Ltd. and Bank of Punjab Ltd. are no more in existence. First, Bank of Punjab was merged into Centurion Bank and the merged entity was later merged into HDFC Bank Ltd.. It may also be noted that the Private Sector included Federal Bank Ltd. also.
What is current bank rate by rbi?
Answer :-It is the rate at with Reserve bank of India allows commercial bank to borrow money from the Reserve bank of India as per their eligibility for refinance.
The rate at which the private banks lend to reserve bank of India is known as?
Bank Rate
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%
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
What is the 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.
What is a 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 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.
What is Repo Rate Reve?
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.
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.
What do you mean by reverse repo according to bank?
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.
What do you mean of 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.
