Tests

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repo rate

What is reverse repo rate?

Reverse repo rate is the rate at which the central bank of a country (RBI in case of India) borrows money from commercial banks within the country. Definition: Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks […]


What is repo rate?

Repo rate is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds. Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money […]

repo rate

RBI slashes repo rate

RBI slashes repo rate by 25 bps to 7.75 per cent

NEW DELHI: In a surprise move, the Reserve Bank of India (RBI) on Thursday cut the reverse repo rate by 25 basis points to 7.75%. The move comes at a time when inflation is steadily coming down and cries for a rate cut were growing loud. Below is the full text of RBI Governor Raghuram […]