Financial Management Question:
What do you mean by repo rate & reverse repo rate?
Answer:
Repo rate the rate at which the RBI lends shot-term money
to the banks against securities.
Reverse Repo rate is the rate at which banks park their
short-term excess liquidity with the RBI.
to the banks against securities.
Reverse Repo rate is the rate at which banks park their
short-term excess liquidity with the RBI.
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