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what is repo rate?
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Answer Posted / parvinder soni
Repo rate is the rate at which banks borrow funds from the
RBI to meet the gap between the demandthey are facing for
money (loans) and how much they have on hand to lend. If
RBI wants to make it more expensive for the banks to borrow
money, it reduces the repo rate.
| Is This Answer Correct ? | 28 Yes | 43 No |
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