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The rate at which the RBI lends money through a repurchase agreement is the:

ACRR rate
BRepo rate
CBank rate
DReverse repo
Answer & Solution
Correct answer: B. Repo rate
1. The purchase carries a date and price of resale. 2. The lending rate is the repo rate. 3. Repo operations are now the RBI's main tool. _Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
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