The Reserve Bank of India (RBI) undertakes bi-monthly monetary policy review and sets the repo rate -- at which it lends money to the banking/financial system, setting the tone for the interest rate regime which impacts, among others, EMI for home and auto loans. Reverse repo is the rate at which it borrows money from banks.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2yiPpHE
