Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY1 Mark
Question
What is Repo Rate?
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Answer
When commercial banks need funds for very short period $(1$ day, $7$ days, $15$ days, etc.$).$ They sell some securities to $RBI$ with a repurchase agreement at a particular rate. This rate is called repo rate.
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