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What is Repo Rate ?
- Filed under: Economic Data, economy growth
- Date: Jun 25,2008
Tagged with: defenetion • repo rate
What is Repo Rate ?
It is the rate at which banks borrow from the RBI , “repo” means repurchase agreement, and the “repo rate” is the current interest rate for secured overnight or very short term secured financing involving the sale and repurchase of securities.
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