REPO Rate, RBI Hikes REPO Rate, REPO, RBI, REPO Hiked by 50 Basis Points, Reserve Bank of India, Business News - YReach.com

The Reserve Bank of India (RBI) hiked its key policy rates, repo and reverse repo, by 50 basis points each yet again. The rate hike was a shock for the 'Dalal street'. A hike of atleast 25 basis points was already expected, but the 50-mark is a bit too much to absorb for investors and experts. When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate, an 'acronym' for repurchase agreement... Read More>>>