Question

what is repo rate ?????

Answer 1

hey mate.......



Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.

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Answer 2

hey mate


here is your answer :-

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REPO RATE IS THE RATE AT WHICH COMMERCIAL BANK borrow rupees from rbi . a reduction in the repo rate will help banks to get money at cheaper rate
when the repo rate increase borrowing from rbi becomes more expensive .

I hope it helps you