Question

What's the definition of 'repo rate'?

Answer 1

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.

Answer 2

Answer:

Repo rate is the rate at which the RBI offers short period loans to the commercial banks by buying the government securities in the open market is called Repo Rate

Explanation: