Bank rate: Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply.
Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time a card is used for payments (like swiping) in their stores. The merchant discount rate is expressed in percentage of the transaction amount.
Open market operations: IT is conducted by RBI via sale or purchase of government securities. It influences the volume of money and credit in the economy.
Repo rate: Repo rate is the rate at which the central bank of a country lends money to commercial
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