What is a Repo Rate?
Answer / guest
Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.
| Is This Answer Correct ? | 1 Yes | 0 No |
What is EMI? Have you ever purchased any product on EMI? How convenient is it?
0 Answers State Bank Of India SBI,
What are your views on the cashless economy?
0 Answers State Bank Of India SBI,
What are current tax exemption limits?
What are functions of Banks and how does banking affect the economy of the country?
When was rbi nationalized?
Can anyone please send me solution document for US payroll . My mail id is rishisharma29@rediffmail.com. Thanks
What is HDI? How is it calculated?
0 Answers State Bank Of India SBI,
hi viewers my name is prapul i would like to know how to prepare for an interview i had done my mba finance
How Does The Single Supervisory Mechanism Operate?
Differentiate between shares and mutual funds?
what is letter of credit
Explain what are ETF’s? What is the advantage of it?
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3208)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)