RBI keeps repo rate unchanged at 4%; retains FY22 GDP growth projection to 10.5%, Auto News, ET Auto
The benchmark repurchase (repo) charge has been remaining unchanged at 4%, Governor Shaktikanta Das claimed when asserting the selections taken by the Monetary Coverage Committee of the central bank.
As a result, the reverse repo charge will also go on to earn three.35% for banking companies for their deposits saved with the RBI. 1 basis position is a single-hundredth of a share position. Repo charge is the charge at which banking companies borrow dollars from the central bank, and reverse repo is