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?
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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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.
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