Question
Which of the following statements is incorrect about Repo and Reverse Repo?
- At present, the repo rate is 11.75%
- At present, the reverse repo rate is 5.75%
- Repo rate is the rate at which RBI lends to commercial banks
- Reverse Repo is the rate at which RBI borrows from commercial banks
Answer: Option A
Answer: (a)
At present, the repo rate is 4.00%
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Answer: (a)
At present, the repo rate is 4.00%
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