Economics · Monetary Policy
What is the Repo Rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which the government borrows from international financial institutions
- 2The interest rate paid on long-term fixed deposits by commercial banks
- 3The interest rate at which commercial banks borrow money from the Reserve Bank of India✓
- 4The interest rate paid by State Bank of India to Public Provident Fund subscribers
Correct answer
The interest rate at which commercial banks borrow money from the Reserve Bank of India
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