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Repo rate

Historical Repo Rates in India

RBI Historical Repo Rates in India Repo (Repurchase) rate is the interest rate on which the banks borrow money from RBI (Reserve Bank of India) for their short term needs. These repo rates are fixed by RBI from time to time. Why is Repo Rate Required? Repo rate is one of the tools available with RBI to control the money flow in […] Continue reading →

RBI Rate Cut Impact: Rush for Fixed Deposit and wait for your Loan

Reserve Bank of India - RBI Reserve Bank of India (RBI) in its monetary policy presented on January 29, 2013 cut repo rate and cash reserve ratio by 25 basis points each. Repo rate, the rate at which banks borrow from the central bank, has been slashed to 7.75%; and the cash reserve ratio, the portion of bank deposits the banks […] Continue reading →