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The Ready Forward is in essence a secured short-term (typically 15-day) loan from one bank to another. Bank has some securities deposites at RBI.The borrowing bank actually sells the securities to the lending bank and buys them back at the end of the period of the loan, typically at a slightly higher price,as a pawnbroker lends against jeweller.

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13y ago

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Q: What is a Ready forward deal in India?
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