Economics · Monetary Policy
What does 'Repo Rate' refer to in the context of India's monetary policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which the Government of India borrows from commercial banks
- 2The rate at which the Reserve Bank of India (RBI) lends money to commercial banks against government securities✓
- 3The average interest rate at which commercial banks offer retail loans to consumers
- 4The daily fluctuating rate governing foreign exchange transactions
Correct answer
The rate at which the Reserve Bank of India (RBI) lends money to commercial banks against government securities
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