The Reserve Bank of India (RBI) has kept the repo rate unchanged for the seventh time. What is Repo Rate? Repo rate is basically one of the key tools of the Reserve Bank of India (RBI) to keep inflation under control. What changed in repo rate meansDue to the unchanged repo rate, the interest rate can go upward. As the RBI kept the repo rate unchanged, there may not be further reduction in FD rates across the tenures by banks.

Source: dna June 04, 2021 08:18 UTC