Question

What do you mean by reverse repo rate ?

Answer 1

Answer:

Reserve repo rate is the rate at which central bank of a country borrows money from commercial banks within a country. It is a monetary policy instrument which can be used to control the money supply in the country.

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Answer 2

Answer:

Explanation:

Reverse Repo rate is the rate at which the RBI accepts deposits from the commercial banks ( through the government securities ) . It is also called as ' Reverse Repurchase Rate '