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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- 1Rate at which commercial banks borrow money from the RBI✓
- 2Rate at which consumers take loans
- 3Rate at which the government borrows from banks
- 4Rate of foreign exchange transactions
Correct answer
Rate at which commercial banks borrow money from the RBI
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