Do You Know How Does the Repo Rate Work?
11/05/2021 Financial & Legal Services
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Description
One has to pay an amount of interest on the principal money borrowed from the financial institution. This is commonly known as the cost of credit. Similarly, in a situation of cash crunch, banks and financial institutions borrow money from the Reserve Bank of India against the eligible securities they provide to the apex bank. The rate of interest on which RBI lend this money to the commercial banks and financial institutions is called repo rate. For more details visit Bajaj Housing Finance official Website.
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ramesh kumar
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