Economics · Monetary Policy
Which of the following correctly defines the 'Repo Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate at which banks lend money to each other for short periods
- 2The rate at which commercial banks borrow money from the RBI✓
- 3The rate at which RBI sells government securities to commercial banks
- 4The rate offered by commercial banks to their most important customers
Correct answer
The rate at which commercial banks borrow money from the RBI
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