What is Repo Rate? Current Repo Rate, Working & More
Razorpay
JULY 26, 2023
Repo rate (repurchase option rate) is the rate at which the central bank lends money to commercial banks. Understanding Repurchase Agreements or Repurchase Options When a commercial bank is short on funds, it may enter into an agreement with the RBI. Later, the commercial bank buys these securities back at a higher price.
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