Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is meant by Repo rate?

BankingBanking
0
GAURI SANKAR Posted

What is meant by Repo rate?

0
GAURI SANKAR

Repo rate is the rate at which commercial banks borrow funds from RBI against government securities towards meeting their short term fund requirements. At present the repo rate is 6.50 percent.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123