Question

Cut in Repo rate by RBI will help in correcting the situation of _____________.

(inflation/deflation)​

Answer 1

Inflation is the answer
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Answer 2

Answer:

Changes in the repo rates can directly impact big-ticket loans such as home loans. The decrease in repo rates is to aim at bringing in growth and improving economic development in the country. Consumers will borrow more from banks thus stabilizing the inflation.

Explanation:

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