What is a short term borrowing rate at which RBI borrows money or repurchases its securities from commercial banks?
A. Reverse repo rate
B. Repo rate
C. Bank rate
D. Cash reserve ratio
Answer:A
What is a short term borrowing rate at which RBI borrows money or repurchases its securities from commercial banks?
A. Reverse repo rate B. Repo rate C. Bank rate D. Cash reserve ratio