Pronunciation: The `o’ in the two words is pronounced like the `o’ in `go’, `no’, and `so’. The following syllable is pronounced like the word `key’. The stress is on the first syllable of the two words.
`Okey dokey’ is a very informal way of saying O.K. When someone says, `please give me Rs. 50′, you can respond by saying, `Okey dokey’.
The expression is not used in formal contexts.