RBI increases Repo Rate

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Repo rate is the rate at which Reserve bank of India i.e. central bank of the country lends money to other commercial banks in shortage of their funds.

It is also used to control inflation rates.It means that now the rates of banks also increased and which which cause some extra amount to be added if you are buying home,car,etc


It also may aid that the banks may rise the deposit rate which will benefit to all the bankers,but Repo rate was not expected to rise,but it has.It is to control the inflation.

Also READ-Share marketLink-https://alokk1160.blogspot.com/2018/06/share-market.html


Now,the banks have to pay high amount if they lend money from RBI,which in return will increase the loan interest rates from customers,which may cause trouble.

What do you think it will act as a boon or bane?


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