Sunday, February 13, 2022

RBI cuts reverse repo’s relevance by new route

In a quiet move, the Reserve Bank of India (RBI) has managed to reduce the relevance of the reverse repo rate. Reverse repo is the rate at which the RBI borrows from banks and sets the floor for money markets.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xaPfJrX

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