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What is Reverse Repo rate?

+1 vote

asked Jan 27, 2019 in Class 12 by kratos

What is Reverse Repo rate?

central bank
cbse
demand and elasticity demand
functions and credit control
class-12

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1 Answer

+5 votes

answered Feb 28, 2020 by kratos

Best answer

It is the rate of interest at which the central bank (Reserve Bank) accepts deposits from the commercial banks.

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