Repo rate revisions have often been a strategy for RBI to reduce inflation. After a surprise hike in May, the RBI voted unanonimously on 8th June 2022 to further increase the benchmark policy rate by 50 basis points. This, in turn, has changed the current repo rate in India to 4.90 percent.
Repo rates in India have come to define the availability of cash flow in the economy. The repo rate establishes the interest rate at which banks and NBFCs are lent short-term funds by the RBI, and there is certain to be an impact of the fed rate on the Indian market. This increase in repo rate is sure to impact the rate at which these institutions lend money, therefore pushing the rates of home loans, auto loans, and other customer offerings higher.
Ruloans Distribution Services Private Limited (RDSPL), popularly known as Ruloans happens to be one of the top 10 corporate dsa in india Businesses in the market today, and continues to grow professionally with functional financial experts. Having partnered with more than 150 banks and NBFCs, the company has a presence in more than 1600 cities across India. Recognized as a one-stop-shop for all your financial needs, Ruloans disburses approximately Rs. 1900 to Rs. 2000 crores per month, pan-India.
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