Question

what is repo rate ? help me

Answer 1

Hey mate


here is your answer :-


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Repo rate is the rate at which commercial banks borrows rupees from RBI . A reduction in the repo rate will help bank to get money at cheaper rate. when the repo rate increases then the rate is expensive.

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I hope it helps you ✌✌✌✌✌✌

Answer 2

• Repo rate is the rate at which the central bank of the country like Reserve Bank 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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