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The rate at which the RBI withdraws money by selling securities with a buy-back agreement is the:

ACentral bank rate
BPrime base rate
CReverse repo rate
DStandard repo rate
Answer & Solution
Correct answer: C. Reverse repo rate
1. The sale specifies a repurchase date and price. 2. This is the reverse repo rate. 3. Operations run overnight, 7-day and 14-day. _Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
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