Repo rate and basis points
This query is : Resolved
Avinasheswar
(Querist)
16 August 2008
Please explain Repo rate and basis points.
Please refer the following sentence -
"In the last fortnight we witnessed the RBI increase the Repo Rate by 50 basis points to 9.0 per cent"
Please refer the following sentence -
"In the last fortnight we witnessed the RBI increase the Repo Rate by 50 basis points to 9.0 per cent"
S.Srinivasaraghavan
(Expert)
16 August 2008
Repo rate is the rate at which RBI is willing to lend to banks. basis points is nothing but the rate expressed per 1000.
Miss Komal Mantri
(Expert)
16 August 2008
I think 50 basis points means 0.5% i.e. per 10000
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