user image

Pooja Sharma

SSC & Railways
General Awareness
2 years ago

What is the interest rate at which banks borrow money from Reserve Bank of India (RBI) called?

user image

Abhishek Mishra

2 years ago

Repo rate is the rate by which the central bank gives loans to the commercial banks. Thus, banks borrow money from Reserve Bank Of India by Repo rate. Repo rate is also used as a monetary method to control inflation.

Recent Doubts

Close [x]