Repo Rate
Feb. 3, 2021, 5:56 p.m.
Repo Rate is the rate at which RBI lends money to banks in case of any shortfall in funds arises with the banks.
Impact on Borrower :
(1)Higher the Repo Rate : The loan becomes more expensive
(2)Lower the Repo Rate : The loan becomes cheaper
Repo Rate is the rate at which RBI lends money to banks in case of any shortfall in funds arises with the banks.
Impact on Borrower :
(1)Higher the Repo Rate : The loan becomes more expensive
(2)Lower the Repo Rate : The loan becomes cheaper