Economy, asked by tejaswini1807, 1 year ago

What is the interest rate at which banks can borrow money from reserve bank of india?

Answers

Answered by Anonymous
1
Repo Rate. If banks want to borrow money (for short term, usually overnight) from RBI then banks have to charge this interest rate. currently, Repo rate is set to 6% w.e.f 9 August 2017. Banks have to pledge government securities as collateral.
Answered by Anonymous
0

Answer:

Repo Rate. If banks want to borrow money (for short term, usually overnight) from RBI then banks have to charge this interest rate. currently, Repo rate is set to 6% w.e.f 9 August 2017. Banks have to pledge government securities as collateral.

Explanation:

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