General Knowledge · Economy
What is the meaning of reverse repo rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rate at which commercial banks borrow money from foreign banks
- 2Rate at which commercial banks borrow money from RBI
- 3Rate at which RBI borrows money from commercial banks✓
- 4Rate at which RBI borrows money from foreign banks
Correct answer
Rate at which RBI borrows money from commercial banks
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