- Hike in the repo rate by 25 basis points
- Consequent hike in lenders’ interest rates
- Consider refinance options to lower interest outgo
- Switch to the MCLR regime from base rate
The repo rate has been hiked by 25 basis points taking the current rate to 6.50%. For those uninitiated to finance, repo rate is the rate at which RBI lends money to other banks. Reverse repo i
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