user image

Preeti Tripathi

Class 10th
Sst
2 years ago

what is repo rate

user image

Abhishek Mishra

2 years ago

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.

Recent Doubts

Close [x]