What is Repo rate ?????
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Sia ? 6 years, 2 months ago
Repo rate, also called repurchase rate, is the rate of interest that banks pay when they borrow money from the Central banks i.e. Reserve Bank of India to meet their short-term fund requirements. This is also called repurchase rate because when Commercial banks borrow money from the Central bank/RBI, they keep government securities with the Central Bank/RBI as collateral.
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