repo rate
Answers were Sorted based on User's Feedback
Answer / priyanka kapila
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.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / akhil
repo rate is the rate to borrow money from central bank by
the banks.it is 8% now.
Is This Answer Correct ? | 5 Yes | 4 No |
Answer / radhika.j
A transaction between two parties in which securities are
transferred in exchange for cash, on the basis that the deal
will be reversed at a predetermined date and at an agreed
rate. Reverse repos are the opposite.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / shivesh kumar
repo rate means our bank borrow money from RBI.A reduction
in the REPO rate will help bank to get money at cheaper
rate.
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / arvind sharma
Repo rate is the one kind of intrest.When Bank have short
capital then bank borrow from RBI.RBI charge some intrest
rate that is called REPO Rate
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Answer / kavukuntla vinutha
the annualised intrest rate at which the funds were
transferd by lender to borrower is called repo rate.
Is This Answer Correct ? | 0 Yes | 1 No |
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