Boost Your GK: What Is Repo Rate And Who Decides It?
By Anshika Verma
09, Oct 2024 11:49 AM
jagranjosh.com
Reserve bank of india
The Reserve Bank Of India kept repo rate unchanged for the 10th time in a row that is 6.50%.
What is Repo Rate?
The Reserve Bank of India (RBI) lends loans to commercial banks at some interest rate that is known as the repo rate.
Who decides repo rate?
The Monetary Policy Committee (MPC) of the Reserve Bank of India decides the repo rate in India.
Objective
Controlling inflation, influencing the money supply, and maintaining financial system liquidity in repo rate.
What happened in repo rate?
A repo transaction is a short-term borrowing arrangement in which financial institutions, usually commercial banks, sell assets to the RBI.
Repurchase agreement
‘Repo’ is a contraction of the word ‘repurchase agreement.’
How is the repo rate calculated?
The repo rate is calculated in number of factors such as inflamation, economic growth, liquidity, and global economic trends.
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