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%.
The decision of the Reserve Bank of India (RBI) to cut the repo rate by 25 basis points could be a much-needed relief for the consumers who have been grappling with the pressure of inflation and ...
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
The decision by RBI on Friday to reduce its key rate for the first time in five years comes less than a week after the ...
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