What is the rate of interest at which the Reserve Bank of India borrows money from commercial banks called?

Reverse repo rate

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Repo rate

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Bank rate

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Cash reserve ratio

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Reverse repo rate

Suggest Corrections

Similar questions

What is the rate of interest at which the Reserve Bank of India lends money to commercial banks for long period?

Join BYJU'S Learning Program