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Banking service chronicle
Banking service chronicle published this article page no 3 when the reserve bank of india (rbi) reduces the repo rate it has a ripple effect on the economy benefiting the general public in several ways when the reserve bank of india (rbi) reduces the repo rate it has a ripple effect on the economy benefiting the general public in several ways. the repo rate is the rate at which the rbi lends money to commercial banks. a reduction in this rate makes borrowing cheaper for banks which in turn can pass on the benefits to consumers. here are the key benefits for the general public banking services chronicle monthly magazine order now