What is Repo Rate? - Study24x7
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Preeti Mishra
14 Apr 2023 11:17 AM study24x7 study24x7

What is Repo Rate?

A

When a bank has excess cash, they buy securities from RBI against cash on the condition that they resell the securities to RBI on a prefixed day and price

B

It is the rate at which RBI allows temporary loan facilities to commercial banks against government securities on the condition that the bank will repurchase the securities within a short period

C

Rate offered by banks to their premium customers

D

When a bank needs cash it can it can discount bills of exchange and avail loan facilities from the Reserve Bank of India

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