The Reserve Bank of India (RBI) today lowered the repo rate by 100 basis points to 8 % as against 9 % earlier. Repo rate is the rate at which the RBI lends to the banks.
The decision was aimed at improving the liquidity position in the country.
The Reserve Bank of India (RBI) today lowered the repo rate by 100 basis points to 8 % as against 9 % earlier. Repo rate is the rate at which the RBI lends to the banks.
The decision was aimed at improving the liquidity position in the country.
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