Question

what is reverse repo rate ? description give

Answer 1

Reverse repo rate is the rateat which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country. It is a monetary policy instrument which can be used to control the money supply in the country.

Answer 2

hey mate !!

here is u r answer !!

______________________________

reverse repo rate is the the rate at which RBI borrow money from commercial bank .banks are always happy to lend money to RBI since their money is in the safe hands with a good interest .an increase in reverse repo rate can cause the bank's to transfer more funds to RBI due to this attractive intereste rates.reverse repo rate is always 1 percent less than the repo rate .

______________________________

I hope help u.
___________