What is external benchmark RBI?
By IndianMoney , 5 months ago
IndianMoney
5 months ago
1. The Reserve Bank of India has decided in favour of external benchmark linked lending rates over the existing marginal cost of funds-based lending rate (MCLR) system. 2. The repo (or repurchase) rate is the rate at which the Reserve Bank of India (RBI) lends money to other banks.
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