Understand what a recent hike in Repo rate & Cash Reserve Ratio means to us…
In a surprise announcement, yesterday, the Reserve Bank of India hiked a ‘repo rate’ by 40 bps now. Now, it is 4.40%. Whereas ‘cash reserve ratio’, i.e. CRR has been increased by 50 bps making it 4.50% now. Other key policy rates such as ‘reverse repo rate’ has been kept… Read More »Understand what a recent hike in Repo rate & Cash Reserve Ratio means to us…