Repo rate
is the rate at which banks borrow money from RBI in case they are short of funds, while
Reverse Repo Rate
is the rate of interest banks get when they park their surplus funds with the central bank.
CRR, on the other hand is the liquid cash that banks need to keep with the RBI to meet any emergency cash requirement and the central bank does not pay any interest to banks on this money.
is the rate at which banks borrow money from RBI in case they are short of funds, while
Reverse Repo Rate
is the rate of interest banks get when they park their surplus funds with the central bank.
CRR, on the other hand is the liquid cash that banks need to keep with the RBI to meet any emergency cash requirement and the central bank does not pay any interest to banks on this money.
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