Reserve Bank of India Interest Rate Decision

India, INR
Importance
High
Sector:
Money
Source:
Reserve Bank of India
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The RBI Interest Rate Decision is made by the Bank's Monetary Policy Committee six times a year. The basic rate, or repo, is the interest rate at which the RBI issues short-term loans to Indian commercial banks. If the announced repo rate is higher than expected, this can be seen as positive for the Indian rupee. A lower than expected rate can have a negative effect on the INR quotes.

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