Economics · Banking and Finance
Which among the following is correct about Reverse Repo Rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a economic state in which the value of money falls and prices rise over a period of time.
- 2It is the interest rate provided by the RBI to commercial banks when they deposit their excess funds with the RBI.✓
- 3It is the interest rate charged by the RBI when lending short-term funds to commercial banks.
- 4It is the interest rate charged when funds are borrowed or lent in the call money market for up to 14 days.
Correct answer
It is the interest rate provided by the RBI to commercial banks when they deposit their excess funds with the RBI.
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