Economics · Indian Economy
What is the definition of 'Reverse Repo Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which the Reserve Bank of India absorbs liquidity from commercial banks against the collateral of eligible government securities✓
- 2The base rate applied by commercial banks when issuing emergency personal loans to consumers
- 3The buyback rate fixed by the government for purchasing physical gold from the open market
- 4The cross-currency exchange rate maintained between the Rupee and the US Dollar
Correct answer
The rate at which the Reserve Bank of India absorbs liquidity from commercial banks against the collateral of eligible government securities
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