What is Repo rate? - General Economics & Indian Economy

Q.  What is Repo rate?
- Published on 06 Jun 15

a. Rate at which the RBI borrows money from commercial banks.
b. Rate at which commercial banks borrow money from RBI
c. Rate at which government lends money to RBI
d. Rate at which banks borrow funds overnight from the RBI

ANSWER: Rate at which commercial banks borrow money from RBI
 
Current Repo rate - 7.25%
MSF is the rate at which banks borrow funds overnight from the RBI

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