What do you mean by " Repo Rate" ?

Repo rate is a rate at which RBI lends funds to commercial banks in case of shortfall of funds.

REPO RATE IS SHORT FOR REPURCHASE RATE . IT IS THE RATE AT WHICH CENTRAL BANKS BUY BACK THEIR SECURITIES (T-BILLS, T-NOTES, T-BONDS) . THIS IS USED TO INJECT LIQUIDITY IN THE MARKET.