Thu, Apr 04, 2024
What is the repo rate? The repo rate, or the key interest rate at which the RBI lends money to commercial banks, plays a significant role in determining the cost of borrowing for individuals and businesses. When the repo rate decreases, banks are inclined to reduce their lending rates, making loans cheaper. On the flipside, when the repo rate increases, banks tend to pass on their higher borrowing costs to consumers. Here's a summary of this key interest rate which impacts you very much.
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Wed, Mar 27, 2024
RBI MPC meeting schedule 2024-25: The Reserve Bank of India (RBI) has announced the dates of six upcoming monetary policy meetings of the next financial year, which begins on April 1, 2024. The central bank conducts six scheduled reviews every year, one each in April, June, August, October, December, and February. Besides, it also conducts out-of-cycle reviews to address sudden changes in economic conditions that warrant urgent monetary policy action.
Wed, Mar 13, 2024
When you prepay your loan, the overall EMI is reduced, allowing you to pay a lesser interest rate on the outstanding balance. Your credit score improves, and you can save money.
Fri, Dec 08, 2023
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Dec 2023, Repo Rate: RBI Governor Shaktikanta Das announced a status quo on the repo rate, as widely expected, in the MPC's last scheduled policy review of 2023. Catch all the highlights here.
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