csatpaper1currentaffairs

Current affairs preparation and latest updates for civil services examination

Sunday, 22 September 2013

ECONOMY

RBI HIKES REPO RATE
v  RBI has increased the repo rate by 25 basis points to 7.50 percent
v  REPO RATE (Repurchase Option) is the rate at which banks borrow from the central bank i.e RBI (Reserve Bank of India)

v  Hence bank loans will be come costlier.
Posted by Unknown at 10:18
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