You think banks are benefiting from the RBI rate cut? The RBI rate cut reduces the rate at which RBI lends money to banks. So banks would benefit if they were borrowing money from the RBI,
They are not.
Here’s yesterday’s “money market update” from RBI:
There’s a lot of stuff out there but in order to not confuse you:
- Repo = what banks borrow from RBI
- Reverse Repo = what […]