Repo-Rate is the rate at which RBI lends money to commercial Banks for __________.
Repo-Rate is the rate at which RBI lends money to commercial Banks for __________.
Solution
✅ Correct Option: 2
Repo Rate (Repurchase Rate) is the rate at which the RBI lends money to commercial banks against government securities for short periods to meet their short-term liquidity needs. Hence, the correct answer is Short period.
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