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The RBI has hiked the repo rate by 40 bps up to 4.40% from 4% earlier! 🤯
But 1st let’s understand what Repo rate is? And what does it mean for investors, borrowers & customers?
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#RepoRate #RBIRateHike
But 1st let’s understand what Repo rate is? And what does it mean for investors, borrowers & customers?
-- A Thread 🧵--
Do ‘Re-tweet’ & help us educate more investors 😃
#RepoRate #RBIRateHike
Repo rate is a type of interest rate! 🏦💵
It is the rate at which the central bank of a country (Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds.
Repo rate is used by monetary authorities to control inflation.
It is the rate at which the central bank of a country (Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds.
Repo rate is used by monetary authorities to control inflation.
What interest rates mean to different stakeholders :
• Borrower: It the price he pays for the use of money
(loan)
• Lender like banks: The "fee" earned for taking the
risk to extend loan
• Saver & investor: The return on investment from
savings a/c ,FD or bond
• Borrower: It the price he pays for the use of money
(loan)
• Lender like banks: The "fee" earned for taking the
risk to extend loan
• Saver & investor: The return on investment from
savings a/c ,FD or bond
