What does Repo Rate mean?

Ever wondered how the RBI decides on the interest rate for lending money to banks? Tune in to grasp the concept of Repo rates, the RBI's go-to tool to combat inflation!

The repo rate is the signal the RBI uses to show where interest rates and inflation might be headed. Between May 2022 and February 2023, the RBI increased repo rates from 4.00% to 6.50% to manage inflation.

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Timestamp

0:00 - Introduction
0:23 - What is Repo Rate?
0:54 - Repo Rate is the benchmark rate
1:23 - How is the repo rate used?
1:57 - Conclusion

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