Economy, asked by msinghshabnam, 8 months ago

What is the meaning of repo rate?

Answers

Answered by Anonymous
1
  • Definition: 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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Answered by topprgrl
2

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

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