Bank rate is


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asked Dec 18, 2011 in Abbreviations Questions by anonymous
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The bank rate is the interest rate that is charged by a country’s central or federal bank on loans and advances to control money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and stabilize the country’s exchange rates.The bank rate acts as the penal rate charged on banks for shortfalls in meeting their reserve requirements as cash reserve ratio and statutory liquidity ratio.
answered Sep 14, 2012 by nicemahesh PowerUser (16,400 points)

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