state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy Banking Affairs
RBI keeps policy repo rate unchanged at 6.5 percent in monetary review meeting. What does the policy repo rate signify in the context of monetary policy?
1
The rate at which banks lend to each other overnight
2
The rate at which banks borrow from the RBI
3
The rate at which RBI borrows from commercial banks
4
The rate at which banks lend to the government