Banking · Monetary Policy Instruments
What is the 'Repo Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which RBI lends money to commercial banks for short-term needs✓
- 2The rate at which commercial banks deposit their extra funds with RBI
- 3The long-term interest rate offered by commercial banks
- 4The rate at which commercial banks lend to the public
Correct answer
The rate at which RBI lends money to commercial banks for short-term needs
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