How does the increase in repo rate affect you?

How does the increase in repo rate affect you?

Banker’s Bank RBI in an off-cycle monetary policy review meeting headed by RBI governor Shaktikanta Das on May 4 increased the repo rate by 40 basis points to 4.40 per cent. This is the first hike in the repo rate since August 1, 2018. Before this, the bank decreased the repo rate by 0.4 per … Read more