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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY1 Mark
Question
What is Reporate?
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Answer

Repo rate (Repurchase rate) is the rate at which the central bank (RBI) lends money to commercial banks for a short period against government securities.

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