RBI Policy meet took place on 7th February 2019.What impact is this policy meet going to have? What stands are taken by the RBI? How important are these stands after the budget?
Repo Rate & Reverse Repo: - Known as the rate at which RBI lends money to the banks. Remains Unchanged at 6.5%, status quo maintained. Reverse Repo Rate, known as the rate at which banks lend money to RBI, when the banks have surplus. 0.25% less than the Repo rate, which is 6.25% This decision … Continue reading RBI Policy Highlights – 5th Dec 2018