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The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as
Sub-Prime Lending Rate
Statutory Lending Rate
Prime Lending Rate
Bank Rate
A bank rate is the interest rate at which a nation's Central Bank lends money to domestic banks,often in the form of very short term loans.Managing the bank rate is a method by which central banks affect economic activity.
By: Himani Bihagra ProfileResourcesReport error
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