What is the New Repo Rate?

Asked 14-Dec-2017
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1 Answer


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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