Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBoard Question Paper : July'20181 Mark
Question
What is the meaning of Repo Rate ?
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Answer
When commercial banks need funds for very short period $(1, 7$ and $15$ days$)$ they sell some securities which are held by them to $RBl$ with a repurchase agreement at a particular rate. This rate is called the repo rate.
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