Economy, asked by Manish33041, 1 year ago

What will be the impact if rbi reduces the bank rate by 1?

Answers

Answered by PiyushSinghRajput1
0
RBI reduces the bank rate when supply ofthe money is low in the country. Now banks are getting loans at cheaper rate of interest, so banks will start giving loans at lower interest rates, supply of the money will go up in the country. ... Reducing Bank rate is one of the Quantitative measure in Monetary policy.
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