What is repo and reverse repo rate
Definition: Reverse repo rate is the rate at which the central bank of a country ( Reserve Bank of India in case of India) borrows money from commercial banks 9 Mar 2020 Reverse Repo Rate is when the RBI borrows money from banks when there is excess liquidity in the market. The banks benefit out of it by 6 Feb 2020 Reverse Repo rate is the rate at which the Reserve Bank of India borrows funds from the commercial banks in the country. In other words, it is the