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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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
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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In the context of venture capital, which term describes a contractual clause that allows investors to protect their investment by requiring the startup to grant them the option to purchase additional shares at a discounted
⚠️Big Warning
India's retail inflation surged to all time high, breaching the RBI's tolerance limit of 6%. This sharp increase, primarily driven by soaring food prices, has dampened hopes for an early rate cut by the RBI. X
Food inflation reached 9.
Two major decisions yesterday:
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2. FED Chair Jerome Powell said there will be no more cut in interest rates "until we have greater confidence inflation is going back to 2%"