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What is meant by Reverse Repo Rate?

+3 votes

asked Jan 4, 2019 in Class 12 by kratos

What is meant by Reverse Repo Rate?

central bank
isc
cbse
measures to correct deficient and excess demand
icse
class-12

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1 Answer

+1 vote

answered Feb 14, 2021 by kratos

Best answer

Reverse Repo Rate is the rate at which central bank of a country (RBI in India) borrows funds from commercial banks within the country.

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