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'Repo rate‘ is the rate at which:
the Reserve Bank of India lends to State Government
the international aid agencies lend to Reserve Bank ofIndia
the Reserve Bank of India lends tobanks
the banks lend to Reserve Bank ofIndia
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
By: Parvesh Mehta ProfileResourcesReport error
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