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WHAT DO U MEAN BY REPO RATE???
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Answer Posted / rajveer
rapo rate is the rate at which RBI charge on comercial
bank if bank borrow money to RBI.CURRENT RAPO RATE IS 9%.IF
RAPO RATE IS HIGH THEN IT NOT GOOD FOR THE COMERCIAL
BANK,AND IT DICREASE THEN IT IS GOOD FOR COMERCIAL BANKS.
| Is This Answer Correct ? | 2 Yes | 0 No |
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