🌻 Repo rate
🔅 Repo rate refers to the rate at which commercial banks borrow money by selling their securities to the Central bank of our country...... i.e. RBI to maintain liquidity, in case of shortage of funds or due to some statutory measures. It is one of the main tools of RBI to keep inflation under control.
Repo rate - 5.15%
🔅 Repo rate refers to the rate at which commercial banks borrow money by selling their securities to the Central bank of our country...... i.e. RBI to maintain liquidity, in case of shortage of funds or due to some statutory measures. It is one of the main tools of RBI to keep inflation under control.
Repo rate - 5.15%