What is a repo rate ?
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Posted by Jatin Bhardwaj 6 years, 5 months ago
- 2 answers
Yogita Ingle 6 years, 5 months ago
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
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Ritu Manon 6 years, 5 months ago
1Thank You