Economics · Monetary Policy
What is meant by the term 'Repo Rate' in the Indian financial system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The interest rate offered by commercial banks on deposits from retail customers
- 2The prime lending rate at which commercial banks lend money to retail customers
- 3The rate at which commercial banks park their excess funds with the RBI
- 4The rate at which commercial banks borrow money from the RBI against government securities✓
Correct answer
The rate at which commercial banks borrow money from the RBI against government securities
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