Not directly.
through this rbi controls inflation and deflation.
The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..
As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%
Assuming the State Bank of India, the spread between repo rate and reverse repo rate has trended towards 1.00%.
means latest crr, repo rate,revers repo rate, bank rate ,slr
the Repo rate, Reserve repo rate and CRR as of 03 January 2009 are as follows: Repo Rate: 5.6% CRR: 5% Reverse Repo rate: 4.1% Source: RBI
high interest rates such as the repo rates and high inflation rate
The RBI repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks against government securities. It is a key monetary policy tool used to control inflation and manage liquidity in the economy. When the repo rate increases, borrowing becomes more expensive for banks, which can lead to higher interest rates for consumers and businesses. Conversely, a lower repo rate makes borrowing cheaper, stimulating economic activity.
7.5%(down 0.5%)
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate. The Reserve Bank parks its money with other banks at the reverse repo rate.
Repo Rate - also called Bank rate is the rate at which central banks lend loans to the member banks of a country. This rate actually impacts the rate at which these member banks grant loans to their customers So, if RBI increases the Repo Rate in India, all the loans would get costlier in India i.e., their rate of interest will go up