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Difference between bank rate and omo

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Difference between bank rate and omo

    • Posted by Vishal Singh 4 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 4 years, 5 months ago

    Basis Bank Rate Open Market Operations
    Meaning It refers to the rate at which the Central bank grants loans to the commercial Banks. It refers to the buying and selling of government securities.
    Influence on the interest rate and the money supply It affects the rate of interest directly and the money supply indirectly. It affects the rate of interest indirectly and the money supply directly.

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