What is the term for the interest rate at which the RBI lends money to commercial banks in India?
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Solution 1
The term for the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks is called the "Repo Rate." The Repo Rate is a critical monetary policy tool used by the RBI to control inflation and regulate the money supply in the economy. When commercial banks need funds, the Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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