what is the difference between bank rate and repo rate

@1anurag1 (3576)
India
June 25, 2010 2:28pm CST
i am very confused because both of them have different interest rates and also both are implemented on the money borrowed by the banks from central banks. but what is the difference between both of the rates.
1 response
keirster
@keirster (34)
• United States
25 Jun 10
the diference is that one of them is acc and the other is a co and now u know