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

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The repurchase rate or Repor rate is a rate at which RBI lends money to other commercial banks. Presently, the repo rate has been decreased to 4%.  RBI brought in these changes to boost the demand thereby promote the supply and raise the economy. This should be the known fact by all the borrowers because the repo rate helps them to cut short 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 support demand and supply. In this video, C. S. Sudheer has given complete information about the repo rate and borrowing loan at the repo rate

 
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