KINDLY EXPLAIN REPO AND REVERSE REPO???
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REPO AND REVERSE REPO
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REPO RATE: - A RATE AT WHICH RBI PROVIDE FUND TO COMMERCIAL BANKS KNOWN AS REPO RATE:
REVERSE RATE: WE KNOW COMMERCIAL BANKS NEED TO KEEP SOME MONEY WITH RBI EVERYTIME & RBI PAY INTREST ON THIS AMOUNT TO BANKS ....THIS RATE KNOWN AS REVERCE REPO RATE
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