New Delhi: The Reserve Bank of India has announced repo rates. The loan review meeting decided to keep the repo at 4 percent and the reverse repo at 3.35 percent.
The first loan review committee, chaired by Governor Shaktikanda Das, took the crucial decision to keep the repo rate unchanged.
The repo rate is the interest rate at which RBI lends to banks. On the other hand, the interest rate on the money deposited by banks in the Reserve Bank is the reverse repo.
