Economics · Monetary Policy
What does 'repo rate' refer to in India's monetary policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which the government borrows from commercial banks
- 2The rate at which commercial banks borrow money from the RBI✓
- 3The rate at which consumers take loans from commercial banks
- 4The rate of foreign exchange transactions between banks
Correct answer
The rate at which commercial banks borrow money from the RBI
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