The rate at which RBI lends money to commercial banks is called:

Repo rate

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Reverse repo rate

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Revise repo rate

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Renewal repo rate

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Solution

The correct option is A
Repo rate

The rate at which the RBI lends money to commercial banks is called Repo rate.

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The RBI is regularly revising upwards the repo & reverse repo rates. Why is this being resorted to?

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