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The RBI's variable rate reverse repo (VRRR) / repo operations are going to be linked to _______ for operations.

1. SLR
2. CRR
3. Weighted average call rate
4. Reverse repo rate

Correct answer: Weighted average call rate

Solution

The RBI uses the weighted average call rate (WACR) as the operating target for monetary policy transmission. LAF corridor operations (repo, SDF, VRRR) are calibrated around WACR to keep it aligned with the policy repo rate.

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