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At which rate, Reserve Bank of India borrows money from commercial banks? Options: 1) Bank Rate 2) Repo Rate 3) Reverse Repo Rate 4) Statutory Liquidity Rate

Posted by bhavishya kumar at 26 Sep 17 13:56:56pm Views: 1137

Correct Answer: Reverse Repo Rate

 

Repo rate is the rate at which RBI lends to its clients generally against government securities. ... ReverseRepo rate is the rate at which RBI borrows money from the commercial banks.

 


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