Banks borrow money from the RBI on which rate?


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Banks borrow money from the RBI on which rate?
asked Jan 16, 2013 in Business Questions by veshnavi Moderator (1,837,000 points)
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When the repo rate increases borrowing from RBI becomes moreexpensive.  Therefore, we can say that in case,  RBI wants to make it more expensive for the banks to borrow money, it
increases the repo rate;
similarly, if it wants to make it
cheaper for banks to borrow
money, it reduces the repo rate
answered Jan 17, 2013 by jeet sagar Moderator (1,034,200 points)

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