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Banking, Finance & Insurance RBI Recruitment 1 year ago
Posted on 10 Jan 2023, this text provides information on RBI Recruitment related to Banking, Finance & Insurance. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) provides loans to commercial banks and financial institutions in India using government securities as collateral. As of 2023, the Repo Rate stands at 6.50%. When the RBI reduces the Repo Rate, it leads to an expansion of the money supply in the market, potentially fostering economic growth. If you're preparing for the exam like RBI Grade B Exam then you should definitely know about this.
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