Question

Which of the following best describes the meaning of reverse repo rate?

A The rate that the banks earn on keeping excess money with RBI
B The rate that RBI charges on lending money to the banks
C The rate that the banks have to pay for availing excess loans from RBI beyond LAF window
D The rate that the RBI pays to the banks on cash reserve maintained by banks under CRR
E The rate at which banks have to invest in SLR securities
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