जानिए Repo Rate क्या है
जानिए Repo Rate क्या है | कैसे आपकी EMI कम हो जाएगी | डिटेल में समझें जानिए Repo Rate क्या है | कैसे आपकी EMI कम हो जाएगी Table of Contents What is Repo Rate? How is Repo Rate decided? Recent Change in Repo Rate by RBI Why Does RBI Decrease Repo Rate? Effect on Home, Car, and Personal Loan EMI (Explained with Examples) 1) What is Repo Rate? The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) lends short-term money to commercial banks against government securities. It is a tool used by the RBI to control liquidity, inflation, and economic growth. When repo rates are reduced, borrowing becomes cheaper for banks, which then pass on the benefits to consumers in the form of lower interest rates on loans. 2) How is Repo Rate decided? The Repo Rate is decided by the Monetary Policy Committee (MPC) of the RBI, which meets every two months. Several factors influence this decision: Inflatio...