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Q:

Who decides the Repo rate in India?

  • 1
    Government of India
  • 2
    Ministry of Finance
  • 3
    Reserve bank of India
  • 4
    None of these
  • Show Answer
  • Workspace

Answer : 3. "Reserve bank of India"
Explanation :

The repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.

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