Which are the following rates are decided by the RBI is called “Policy Rate”?

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## manish1008

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.

## Nancy Dutta

The RBI recently reduced the important policy rates on 27 March 2020 at a monetary policy review meeting. The current repo rate as on 27 March 2020 is 4.40%.