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Repo rate- You must know before borrowing loan!!!

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Repo rate nothing but repurchase rate is a rate at which RBI lends money to the commercial bank.  Currently, the repo rate has been reduced to 4%. RBI brought in these changes in order to increase the demand thereby promote the supply and boost the economy. This should be the known fact by all the borrowers because the repo rate helps them to cut shot the high payments towards their loan. The repo rate usually changes once in every quarter, but this time due to corona RBI brought in these changes to encourage demand and supply. In this video, C. S. Sudheer has given complete information about the repo rate

 

 
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