Tag: repo rate meaning in banking

The repo rate,

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#NIFTY and #Bank nifty up date On 7th Dec The repo rate, the rate at which the central bank (RBI) lends money to commercial banks, has been raised by 35 basis points to 6.25 percent, from 5.9 percent earlier. Jayanth R Varma voted against the repo rate hike, while the rest MPC members were in ….  Read More