The repo rate (also known as ‘repurchase rate’) is the interest rate at which banks borrow money from the Reserve Bank of India (RBI). A lower repo rate, means that banks can also lend money to home loan customers at a lower rate.
The repo rate (also known as ‘repurchase rate’) is the interest rate at which banks borrow money from the Reserve Bank of India (RBI). A lower repo rate, means that banks can also lend money to home loan customers at a lower rate.