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What is the benchmark interest rate in India?

The benchmark interest rate in India was last recorded at 6.50 percent. This page provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Who decides the interest rate in India?

In India, interest rate decisions are taken by the Reserve Bank of India's Central Board of Directors. The official interest rate is the benchmark repurchase rate.

What is the difference between repo rate and RBI rate?

The repo rate, on the other hand, is an interest rate which is determined by the Reserve Bank of India (RBI) and charged against the funds lent by the central bank to commercial banks and all other financial institutions. What effect does Repo Rate has on the life of a common man?

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