repo rate
Answers were Sorted based on User's Feedback
Answer / priyanka kapila
Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / akhil
repo rate is the rate to borrow money from central bank by
the banks.it is 8% now.
Is This Answer Correct ? | 5 Yes | 4 No |
Answer / radhika.j
A transaction between two parties in which securities are
transferred in exchange for cash, on the basis that the deal
will be reversed at a predetermined date and at an agreed
rate. Reverse repos are the opposite.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / shivesh kumar
repo rate means our bank borrow money from RBI.A reduction
in the REPO rate will help bank to get money at cheaper
rate.
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / arvind sharma
Repo rate is the one kind of intrest.When Bank have short
capital then bank borrow from RBI.RBI charge some intrest
rate that is called REPO Rate
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kavukuntla vinutha
the annualised intrest rate at which the funds were
transferd by lender to borrower is called repo rate.
Is This Answer Correct ? | 0 Yes | 1 No |
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