Entrepreneur • 1y
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 dip, reaching a total market cap of Rs 421.47 lakh crore. The Adani Group called for open-source airport systems, while mutual fund investors faced surprises. Real estate experts have predicted sustained growth and demand.
Pursuing CMA. Talks... • 5m
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? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
See MoreDaily Learnings... • 1y
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
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