4
Repo rate and its impact on bank’s lending rates Aggregated and Prepared by: www.nirrtigo.com Green Realtech Projects Pvt. Ltd Real Estate Projects India | User Ratings & Reviews | Common Cause | Discussions | Research Page Repo rate and its impact on bank’s lending rates to home loan customers Repo rate is a rate of interest decided by the country’s central bank. In case of India, Reserve Bank of India (RBI) decides on the repo rate keeping in mind inflation levels and growth opportunities in the country’s economy. Repo rate is a rate at which RBI lends money to commercial banks. Repo rate is used by RBI to control inflation. If repo rate increase, cost of borrowing for commercial banks from RBI increases and subsequently the increase in repo rate is passed on by commercial banks to home loan seekers and other borrowers. Latest short term repo rate changes by Reserve Bank of India
