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what is repo rate?
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Answer Posted / jenamani satyabhanu mohapatra
Repo rate is the interest rate at which RBI lends money or
securities to other banks. Currently the RBI has increased
the reporate from 7.75% to 8%. the main reason for the hike
is to control the current inflation in our country, which
is now 8.24% and it is expecyed to cross 10%,by several
economist.
| Is This Answer Correct ? | 3 Yes | 5 No |
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