@BangalorewebzoDec 25.2014 — #Bounce Rate is the percentage of targeted traffic that visit a page on your website and don’t visit any other pages.
Exit Rate on the other hand is the proportion of people who have left the page but would have recently visited other pages.
@SiyaagarwalDec 26.2014 — #Bounce rate is the targeted the website pages and how much time the user stay on the website and other pages . Exit rate lets you know what number of individuals leave your site from a specific page. Each guest that goes to your site in the end abandons it in somehow.