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AnonymSep 5, 2013

Can you tell me what is Bank Rate?

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    Sep 5, 2013

    The bank rate is the rate of interest at which Central Bank of a country lends money to the domestic banks. When a domestic bank has a shortage of funds, it borrows funds from the central bank according to the monetary policies of that country.

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    AnonymSep 5, 2013

    Bank rate is the rate at which central bank lends money to the domestic banks of the country.

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