RBI Governor Raghunath Rajan shocked investors by raising the repo rate by a quarter point to fight inflation.
> High lending rates will continue to burn holes in borrowers' pockets.
> Repo rate now stands at 7.5%
> Cash Reserve Ratio (CRR) for a bank with ₹1lakh cr deposit is ₹4000 cr. (Rate is 4%) & daily CRR balance should be 95% of the 4% amount.
Narendra Modi is targeting the youth and trying to encourage them to give votes next year... And to do this, he is using Twitter & tagging celebrities of different fields (with thousands of followers) in his tweets.
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