BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reverse Repo Rate
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Repo Rate
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Cash Reserve Ratio
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Base rate
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Detailed explanation-1: -What is the Current Repo Rate? Repo Rate (RR) is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks or financial institutions in India against government securities. The current Repo Rate 2022 is at 4.40%.
Detailed explanation-2: -Repo rate is the rate at which commercial banks borrow money from the central bank of a country (which in the case of India is the Reserve Bank of India or RBI) when they are in the need of funds.
Detailed explanation-3: -The Federal Open Markets Committee (FOMC) sets the federal funds rate-also known as the federal funds target rate or the fed funds rate-to guide overnight lending among U.S. banks. It’s set as a range between an upper and lower limit. The federal funds rate is currently 4.50% to 4.75%.