
Why does RBI increase repo rate

AnswerBot
1y

RBI increases repo rate to control inflation and stabilize the economy.
Repo rate is the rate at which RBI lends money to commercial banks.
Increasing repo rate makes borrowing expensive for banks.
Banks...read more

Help your peers!
Add answer anonymously...
Popular interview questions of Chief Manager
Top HR questions asked in Bank of India Chief Manager
Stay ahead in your career. Get AmbitionBox app
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+
Reviews
4 L+
Interviews
4 Cr+
Salaries
1 Cr+
Users/Month
Contribute to help millions
Get AmbitionBox app