Current Crr Rate For January 2010 What Is The Meaning Of Bank Rate, CRR, Repo And Reverse Repo. And What Are The Current Rate Of These Four?

What is the meaning of bank rate, CRR, repo and reverse repo. and what are the current rate of these four? - current crr rate for january 2010

Bank rate - also known as the discount rate is the interest rate the central bank (RBI in India scenerios) on loans and advances to commercial banks and other financial grants. Changes in bank rate are often used by central banks to control the money supply.
CRR - or rate of Central Reserve is the reserve requirements) (or reserves. This is a regulation of the banking sector, that the minimum reserves each bank must hold to customer deposits and notes sets. These reserves are designed to satisfy withdrawal demands, and) usually in the form of money in a bank vault (vault cash, or save the central bank.
REPO - better known as "repos" (SRP) is an agreement of sale and redemption thats a borrower (the seller or the receiving of cash) by selling securities in cash to a lender (buyer / supplier of liquidity) and agrees to buy back their securities at a later date, more money. The repo rate is the difference between bonds and cash paid as a percentage.
A repurchase agreement with a bank is a repo forother.
Data from current prices to those who are in India to make are too great to mention here individually for all banks divisions. I suggest you visit - http://www.rbi.org.in/scripts/Notificati ...