RBI retains repo rate at 6.5 percent for sixth consecutive time – GK Now
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RBI retains repo rate at 6.5 percent for sixth consecutive time The repo rate is the interest rate at which banks borrow funds from the RBI to address short-term liquidity gaps. RBI Governor Shaktikanta Das projected retail inflation based on the Consumer Price Index (CPI) at 5.4 percent for the cur
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- RBI retains repo rate at 6.5 percent for sixth consecutive time
- The repo rate is the interest rate at which banks borrow funds from the RBI to address short-term liquidity gaps.
- RBI Governor Shaktikanta Das projected retail inflation based on the Consumer Price Index (CPI) at 5.4 percent for the current fiscal year and 4.5 percent for the next financial year.
- What is the primary purpose of the repo rate?
- To regulate the money supply in the market and combat price inflation
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