The Reserve Bank of India has raised repo (rate at which it lends to banks) and reverse repo (rate at which it borrows) rates by 25 basis points each, taking the repo rate to 6.75% and the reverse repo rate to 5.75% in its mid-quarterly review. However, the CRR has been left unchanged at 6%.
The apex bank
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
