Repo rate What is it and how it affects Personal loan EMI

31/03/2022 Financial & Legal Services

Price: Check with seller

Description

Repo rate refers to the rate at which commercial banks obtain money by selling their securities to the Central bank of our country i.e Reserve Bank of India (RBI) to maintain liquidity, in case of a shortage of funds or due to some statutory measures. It is one of the main tools of RBI to keep inflation under control.

The Repo rate is a powerful arm of the Indian monetary policy that can regulate the country’s money supply, inflation levels, and liquidity.

You can get more knowledge of Repo Rate Impact on Personal Loans at bajaj finserv website.

More Details

Total Views:43
Reference Id:#1893112

Comments

Copyright © 2008 - 2024 |   All Rights Reserved |   tuffclassified.com |   24x7 support |   Email us : info[at]tuffclassified.com