RBI Again Increased The Repo Rate

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The interest rate at which the RBI loans money to commercial banks and financial institutions is known as the repo rate.

What Is Repo Rate ?

The repo rate or prime lending rate has risen by 50 basis points to 5.90% by the Reserve Bank of India.

While announcing the Monetary Policy Committee's recommendations, RBI Governor Shaktikanta Das (MPC)

The most recent change in the repo rate was done to keep inflation within the desired range.

Analysts had anticipated a 50 basis point increase in the repo rate as a result of current global conditions.

~ Er. Abhishek Suthar

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