What Is Repo Rate And How Does It Impact? RBI Cuts Interest Rates, Repo Rate Reduced By 25 bps To 6.25%
In addition to the repo rate cut, the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) rates have also been reduced by 25 bps to 6% and 6.5%, respectively. The bank rate has also been adjusted to 6.5%.
From February 2 to 8, significant events occurred, including the BJP’s victory in the Delhi Assembly Elections and the RBI’s ...
A decrease in the repo rate will now prompt banks to lower their lending rates, making home loans more affordable.
Test your knowledge on the RBI’s repo rate with these GK questions and answers! Learn about the latest RBI rate cut, and its ...
The Reserve Bank of India announced a 25 basis point cut in the repo rate, now at 6.25%, the first reduction in five years.
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