RBI decides: No change in REPO interest rates
Posted on: 05/Dec/2019 3:44:40 PM
The Reserve Bank Of India has announced that there will be no change in the existing REPO interest ratio for short-term bank loans.
A financial policy review meeting was organised by the Reserve Bank of India at Mumbai. During this meeting, a detailed review was undertaken regarding the REPO interest ratio for the banks’ short-term loans. Having successively reduced the REPO interest ration 5 times in the past, it was decided that there would be no change for the present.
It may be noted that RBI has reduced the REPO interest ratio by up to 1.35% over the last 1 year period, Presently, REP interest ratio is 5.15% and the Reverse REPO, 4.90%.
