Question

Define reverse repo rate class 12​

Answer 1

Explanation:

1. Reserve repo rate is defined as the rate at which the Reserve Bank of India( RBI) borrows money from banks for short term.
2. It is important monetary policy tool employed by the RBI to maintain liquidity and check inflation in the economy.

Answer 2

Answer:

Reverse Repo Rate is defined as the rate at which the Reserve Bank of India (RBI) borrows money from banks for the short term. It is an important monetary policy tool employed by the RBI to maintain liquidity and check inflation in the economy. The Reverse Repo Rate helps the RBI get money from the banks when it needs.