What is reverse repo rate?... | Filo
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2.4K views · 56 reactions | The Reserve Bank of India decided to cut reverse repo rate by 25 basis points. The rate had already been cut by 90 bps on March 27. The RBI governor also said that India will grow at 7.4% in the financial year 2021-2020 and added that India will post a sharp turnaround in the economy in the coming year. | Hindustan Times | Facebook
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The current Reverse Repo Rate is 2.5%. The difference between repo and reverse repo shall be 250 basis points. RBI increases reverse repo by 150 basis points. What is the new Repo Rate?
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