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Indian Economy - Understanding the basics of Indian economic system
At which rate, Reserve Bank of India borrows money from commercial banks?
Bank Rate
Repo Rate
Reverse Repo Rate
Statutory Liquidity Rate
Reverse Repo rate is the rate at which RBI borrows money from the commercial banks. It is a monetary policy instrument which can be used to control the money supply in the country. Hence, option 3 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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