Economics · Indian Economy
What is the bank rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The foreign exchange rate.
- 2The rate of gold purchase.
- 3The rate at which banks lend money to customers.
- 4The rate at which the Reserve Bank of India lends money to commercial banks.✓
Correct answer
The rate at which the Reserve Bank of India lends money to commercial banks.
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