____ is exact opposite of Repo Rate
Fill in the Blanks: (Class 12)
____ is exact opposite of Repo Rate.
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Reverse Repo Rate is exact opposite of Repo Rate.
Explanation:-
Repo rate is the rate of interest at which the Central Bank provides short-term loans to the Commercial Bank
The Reverse Repo Rate is the rate of interest at which commercial banks can deposit their surplus funds with the Central Bank.
Repo Rate:- Central Bank charges interest from Commercial Banks
Reverse Repo Rate:- The Central Bank pays the interest to Commercial Banks
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