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What is Repo Rate and how it effects market cash?

April 26, 2017Business cash Finance market Other - Business & Finance rate repo

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What is Repo Rate and how it effects market cash?

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The rate of interest at which the RBI gives loans to other banks is called the REPO Rate. When RBI reduces the Repo rate, the banks in India can get money at a cheap rate, similarly if the RBI increases its Repo rate, then getting cash from RBI becomes costlier. For more details you can check: http://anandvijayakumar.blogspot.com/200… Cheers, Anand mail me at anandvijayakumar@ymail.com if you need any more details.