Bank Rate is now aligned to Marginal Standing Facility (MSF) rate, the penal rate at which banks can borrow money from the central bank over and above what is available to them through the LAF window.In other words, MSF assumed the role of bank rate, once the latter became operational in 2011.
It is the central banker’s tool for controlling liquidity and inflation.Across the globe it is the government in-power which issues the currency notes and that currency is known as the "Legal Tender" i.e. In India it is the role of the Central bank of the country i.e Reserve Bank of India that prints currency notes and it bears the Governor's signature on it. To control the supply of money in the economy i.e how much money is available for the industry or the economy and2.The cost of credit.' meaning, and what is the price that the economy has to pay to borrow that money.Between June 2012 and July 2013, MSF teams in Syria carried out more than 66,000 medical consultations and 3,400 surgical procedures and assisted 1,400 births.The article is authored by Square Capital research team.