What is The Repo Rate?
The Repo Rate is the official short term lending rate set by the Reserve Bank of India (RBI).
Repo is short for repurchase, and the full form is repurchase agreements. Outside of India, a repurchase agreement is usually a private interbank borrowing and lending practice. Banks will own certain kinds of what are known as liquid assets, usually government bonds, or the highest rated corporate debt which are short term in nature, ensuring that they have the deepest markets.
>> Read more
Advertisement
Sponsored Ads