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repo

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
re·po 1  (rp)
n. pl. re·pos Informal
A repurchase agreement.

[Shortening and alteration of repurchase agreement.]

re·po 2  (rp)
n. pl. re·pos Informal
1. Repossession of merchandise or property from a buyer who has defaulted on payment.
2. Repossessed merchandise or property.

repo [ˈriːpəʊ]
n Informal short for
1. (Law) repurchase agreement
2. (Law)
a.  repossession of property
b.  (as modifier) a repo car


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However, the RBI, kept other key rates and ratios like repo, reverse repo and cash reserve ratio unchanged.
RBI, usually, signals a higher interest rate regime by raising policy rates -- repo (at which it lends to banks) and reverse repo (at which it pays banks on their overnight deposits) rates.
The bank has kept the repo -- the rate at which it lends to commercial banks -- unchanged at a record low of 4.
 
 
 
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