
TODAY UPDATES
RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation
Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. Description: In the event of inflation, central banks increase repo rate as this acts as