Inflation causes the value of money in your hand to decrease. In simple terms, take a basket of goods in your home and think how… Read More »Why Value of money decreases due to Inflation and the importance of saving money!
We all know that the Reserve Bank of India (RBI) is the Central bank of India. Repo rate is the rate at which the commercial banks can borrow money from the central bank. And reverse repo rate is the rate at which the commercial banks deposit money at the central bank (RBI). Repo is a short form of repurchase agreement. This is an exchange of money for Bond between commercial banks and the central bank.Read More »Repo and Reverse Repo Rate