Economics · Banking and Monetary Policy
What is the definition of Repo Rate in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which commercial banks borrow money by selling their securities to the Reserve Bank of India (RBI) for a long term.
- 2The rate at which commercial banks borrow money by selling their securities to the Reserve Bank of India (RBI) for a short term.✓
- 3The rate at which the Reserve Bank of India (RBI) borrows money from commercial banks for a short term.
- 4The rate at which the Reserve Bank of India (RBI) borrows money from commercial banks for a long term.
Correct answer
The rate at which commercial banks borrow money by selling their securities to the Reserve Bank of India (RBI) for a short term.
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