Reserve Bank of India's repo rate 2014-2023
In June 2023, the repo rate set by Reserve Bank of India stood at 6.5 percent. In May 2022, the repo rate was 4.4 percent after which it spiked continuously.
The repo rate is defined as the rate at which the central bank of a country, in this case the Reserve Bank of India (RBI), lends money to commercial banks in case of lack of funds.
The repo rate is defined as the rate at which the central bank of a country, in this case the Reserve Bank of India (RBI), lends money to commercial banks in case of lack of funds.
