alexa

Search in Indianmoney's WealthPedia

User
How does the repo rate work?

By IndianMoney , 1 month ago

RBI purchases government securities from commercial banks at a discounted price. This discounted rate at which money is lend to commercial banks is called repo rate. After the agreed tenure commercial banks repurchase the government securities from RBI.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.