What is the term for the interest rate at which the RBI lends money to commercial banks in India?
Question
What is the term for the interest rate at which the RBI lends money to commercial banks in India?
Solution
The term for the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks in India is called the "Repo Rate".
Here are the steps to understand this:
- The Reserve Bank of India (R
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