How to Calculate the Repo Rate? The interest rates that commercial banks pay to the RBI or get when they put money in the RBI must be agreed upon and standardised. The repo rate is key to keeping ...

During a period of low inflation, the central bank of the town (similar to the Reserve Bank of India) sets a low repo rate, meaning it's cheap for commercial banks to borrow money. As a result ...

meaning monthly payments would rise. The fresh hike in repo rate is likely to have a market-wide impact on borrowers as existing EMIs, as well as new loans, are set to become costlier. The rate ...