Answer the question in maximum 15 to 20 words. This question carries 03 marks. [MPPSC 2019]
What is Repo Rate?
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
What is Repo Rate?
Definition
The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) lends to commercial banks. This helps banks maintain liquidity by using government securities as collateral.
Illustration
Impact