Economics · Indian Economy
What is the Repo Rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which commercial banks borrow money from the Reserve Bank of India against securities.✓
- 2The rate at which banks lend money to customers.
- 3The rate of gold purchase.
- 4Foreign exchange rate.
Correct answer
The rate at which commercial banks borrow money from the Reserve Bank of India against securities.
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