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Bank rate & repo rate
by akhilendra kumar on Jan 31, 2007 03:22 AM

Good article definitely. Well, what I still fail to understand is the difference between 'bank' and 'repo' rates - both are described as the RBI lending rate. One last bit, wouldn't it be great if the common mass were to get the RBI rates. I mean, whats the point in having middle banks make money out of our laons.

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Will your loan become expensive?