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To which of the following rate, Equated Monthly Installment (EMI) for housing loans, vehicle and other retail loans will be directly linked ?
  • a)
    Marginal Standing Facility Rate
  • b)
    Bank rate
  • c)
    Repo rate
  • d)
    Reverse Repo Rate
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
To which of the following rate, Equated Monthly Installment (EMI) for ...
Banks to reduce Equated Monthly Installment (EMI) for housing loans, vehicle and other retail loans by directly linking Repo rate to interest rates. Working capital loans for industry will also become cheaper.
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To which of the following rate, Equated Monthly Installment (EMI) for housing loans, vehicle and other retail loans will be directly linked ?a)Marginal Standing Facility Rateb)Bank ratec)Repo rated)Reverse Repo Ratee)None of theseCorrect answer is option 'C'. Can you explain this answer?
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