scorecardresearchWhat is repo rate and how does it impact loan EMIs?

What is repo rate and how does it impact loan EMIs?

Updated: 16 Jun 2023, 04:40 PM IST
TL;DR.

Repo rate is one of the key instruments that the RBI uses to control the money supply and inflation in the economy. By changing the repo rate, the RBI can influence the cost of borrowing and lending in the banking system.

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First Published: 16 Jun 2023, 04:40 PM IST