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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Rabbul Hussian
Hey I am on Medialย โขย 24d
The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years.
What is the repo rate?
Itโs the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
About Rates in the market...
To strike a balance in market, the RBI has to consider all economic factors and carefully set the key rates. Any imbalance in these rates can lead to economic chaos:
1)Repo Rate:-The rate at which RBI lends money to oth
RBI governor Sanjay Malhotra cuts repo rate by 25 bps!
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Investo
Building a startupย โขย 25d
*RBI cuts Repo Rate by 25 bps to 6.25% โ the first rate cut in 5 years!*
โ Boost for economic growth
โ Lower borrowing costs
โ Positive for markets & businesses
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Sanket Jadyar
Keep it up and do yo...ย โขย 9m
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?
1 replies5 likes
Ronak Patel
Here you go!ย โขย 25d
๐Loans to get cheaper?
๐ฆRBI cuts the repo rate for the first time in nearly 5 years to boost the economy.
Repo Rate cut by 25bps to 6.25%
๐What is repo rate?
--> It is the interest rate at which the central bank lends money to commercial ban
Business Wrap: RBI Holds Repo Rate at 6.5% | Stock Market Rebounds | Real Estate Growth Outlook And More!
Business Roundup: The RBI has maintained the repo rate at 6.5%, keeping home loan EMIs steady. The stock market bounced back after the June 4 d
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.
1 replies3 likes
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AprameyaAIย โขย 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 ๐น
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Vikas Acharya
ย โขย
Medialย โขย 3m
Word to Know:
Burn Rate - How fast a startup spends money.
Lower rates = longer runway.