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The Reserve Bank of India (RBI) announced on Friday that it has kept the benchmark repo rate unchanged at 6.5% for the eighth consecutive time. What exactly is repo rate? How does it affect you?

Jaswanth Jegan

Founder-Hexpertify.c...ย โ€ขย 9m

Repo rate is simply a intrest rate at which RBI lends money to banks and NBFC.If repo rate is lower banks can lend money at a lower interest

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The Reserve Bank of India (RBI) announced on Friday that it has kept the benchmark repo rate unchanged at 6.5% for the eighth consecutive time. What exactly is repo rate? How does it affect you?

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Anonymous
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The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6.25%. This is the first rate cut in five years, with the last one occurring in May 2020.

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AprameyaAIย โ€ขย 9m

The RBI is expected to maintain the status quo in its monetary policy, keeping the repo rate unchanged at 6.5% for the eighth consecutive time, focusing on maintaining price stability and sustainable economic growth. Ab hogi Growth ๐Ÿ’น

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Vikas Acharya

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Word to Know: Burn Rate - How fast a startup spends money. Lower rates = longer runway.

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