What do you call the minimum rate decided by rbi which shall be adopted by all p

What do you call the minimum rate decided by rbi which shall be adopted by all public sector banks?

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What do you call the minimum rate decided by rbi which shall be adopted by all public sector banks?..

Answer / Gauri Jaiswal

The minimum rate is known as Repo Rate. It is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks in the event of a shortfall of funds.

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