What is the correct meaning of 'Repo Rate'?

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Economics · Indian Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

The rate at which commercial banks borrow money from the RBI

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Answer 1

The rate at which commercial banks withdraw their capital from the market

Answer 2

The rate at which the RBI borrows money from commercial banks

Answer 3

The floating interest rate charged by commercial banks to consumers

Answer 4

The rate at which commercial banks borrow money from the RBI

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