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what is repo rate?
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Answer Posted / hitendra kumar virani
Commercial banks need a large sum of money to operate its
daily routine operations smoothly. For this purpose banks
borrow money from Reserve Bank of India for an overnight
period.On this borrowed money those have to pay interest at
a fixed rate which is known as REPO RATE.
| Is This Answer Correct ? | 3 Yes | 2 No |
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i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
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