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Define repo rate

Updated: 9/13/2023
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12y ago

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REPURCHASE RATE IS ALSO KNOWN AS REPO RATE

Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.

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12y ago
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Q: Define repo rate
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Related questions

What is the repo rate and reverse repo rate from aug 2011?

repo rate is 8%. reverse repo rate is 7%


What is the present repo rate and reverse repo rate of RBI?

Repo rate is 7.25 reverse Repo is 6.25


What is the current repo rate and reverse repo rate in india?

The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..


What is reserve repo rate?

what is reserve repo rate


Current repo rate?

current repo rate is 8.5%


How many differences between repo rate and reverse repo rate?

Assuming the State Bank of India, the spread between repo rate and reverse repo rate has trended towards 1.00%.


What is CRR rate by RBI of India?

the Repo rate, Reserve repo rate and CRR as of 03 January 2009 are as follows: Repo Rate: 5.6% CRR: 5% Reverse Repo rate: 4.1% Source: RBI


What is repo rate define in Hindi?

Har bank RBI se short term ke liye loans leta hai. In short term loans ke liye bank to kuch interest rate pay karna padta hai. use repo rate kehte hain


What is repo rate?

the repo rate is the rate that the reserve bank lends money to commercial banks


How much is repo rate and reverse repo rate currently?

6.25, 7.25


What is repo rate and reverse repo rate of RBI?

Repo Rate - also called Bank rate is the rate at which central banks lend loans to the member banks of a country. This rate actually impacts the rate at which these member banks grant loans to their customers Reverse Repo Rate - is the reverse of repo rate and is the interest the central bank would pay its member banks.


What is the current repo rate and reverse repo rate and bank rate by RBI in India?

As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%