First Published: 08 Feb 2023, 03:34 PM IST
What does repo rate hike by the RBI mean for the common man?
Updated: 08 Feb 2023, 03:34 PM IST
The RBI's repo rate is an important tool used to control the money supply and inflation in India. A hike in the repo rate leads to higher borrowing costs, reduced returns on investments, and lower inflation, thus having both positive and negative impacts on the common man.