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Bank Rate and Repo rate: Understanding Monetary Policy (for UPSC CSE)

Lesson 4 of 9 • 1055 upvotes • 9:40 mins

Ayussh Sanghi

This lesson continues the discussion on monetary policy and covers the very important concepts of bank rate and repo rate. It starts with the definition of Bank rate, its features and scope, why it is also called discount rate, it goes on to cover the objectives of the bank rate. It then covers the repo rate - its definition, features and objective. Finally it ends with important concluding remarks.

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