LOANS SET TO PINCH MORE AS RBI HIKES REPO RATE 25 BPS
For the fifth time this year, the central bank raised the repo rate- the rate at which it lends to bank- by
25 basis points to 6% and the reverse repo rate- at which it absorbs funds from bank- by 50 basis
points to 5%, prompting lenders to review the rates they charge both retail and corporate customers.
25 basis points to 6% and the reverse repo rate- at which it absorbs funds from bank- by 50 basis
points to 5%, prompting lenders to review the rates they charge both retail and corporate customers.
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