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Which is better Mclr or repo rate?

By IndianMoney , 5 months ago

1. Ideally, when RBI cuts or hikes the repo rate, banks' MCLR should move in tandem. 2. However, since banks only source about 1 per cent of their deposits at the RBI's repo rate, their cost of funds decrease or increase by a smaller amount compared to repo rate movement limiting the changes in MCLR.

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