Inflation concerns forced the Reserve Bank of India (RBI) to raise repo rate for the second time in a row by 25 basis points to 6.5 percent on Wednesday. As a result, reverse repo rate now stands at 6.25 percent.
Repo rate is the rate at which the RBI lends money to banks while reverse repo is the rate at which the RBI borrows money from banks.
Repo rate is the rate at which the RBI lends money to banks while reverse repo is the rate at which the RBI borrows money from banks.
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