Explain the following instruments which Reserve Bank of India uses for implementing its monetary policy: Repo Rate (RR)
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2020
Explain the following instruments which Reserve Bank of India uses for implementing its monetary policy: Repo Rate (RR)
Answer & Explanation:
Repo Rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment Facility (LAF).
Topics: Reserve Bank of India (RBI)
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