What is the New Repo Rate?

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Anonymous User asked 14-Dec-2017 in Business & Finance by Anonymous User

What is the New Repo Rate? 

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Anonymous User answered 21-Dec-2017 by Anonymous User

the rate at which the central bank of india i.e. RBI lends money to all banks is known as repo rate. 

the current repo rate set by regulatory body, rbi is 6%.

the last modification in the rates of monetary policy was made on oct 4, 2017, and the repo rate was kept unchanged for market stability.

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