0 votes
in Business Questions by Moderator (1.8m points)
Banks borrow money from the RBI on which rate?

1 Answer

0 votes
by Moderator (1m points)
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

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