what is repo rate
Banking terms you should know
Steps taken by the Reserve Bank of India have a bearing on financial calculations of banks in the country, consequently affecting the daily life of citizens as well. Recent reduction in repo rates by 25 bps or 0.25% by the RBI has made headlines across the nation. It is the second consecutive time that RBI […]
Home loan borrowers should track repo rate movements
Any home loan borrower should keep a track of the fluctuations in repo rates. In the past few months the Reserve Bank of India (RBI) has reduced the repo rates which have further decreased the interest on home loans. With the repo rates being lowered the cost of funds for banks is reduced which eventually drops […]
