RBI MPC Report – No Change In Repo Rate: The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided today (06.04.2023) to keep the existing Repo rate until the next MPC. So there will be no change in the “Repurchasing Option Rate (REPO), it still holds on at 6.50% even though the country is facing inflation in the economy.
In the previous MPC which was held on February 2023, the repo rates were hiked to 6.50% from 6.25%. The repo rate is the rate at which RBI lends money to other banks and financial institutions against government securities to maintain the cash liquidity in the country. Usually, RBI renews the repo rates for two months once.
In the previous MPC which was held on February 2023, the repo rates were hiked to 6.50% from 6.25%. The repo rate is the rate at which RBI lends money to other banks and financial institutions against government securities to maintain the cash liquidity in the country. Usually, RBI renews the repo rates for two months once.
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