Repo rate and basis points

This query is : Resolved 

16 August 2008 Please explain Repo rate and basis points.
Please refer the following sentence -
"In the last fortnight we witnessed the RBI increase the Repo Rate by 50 basis points to 9.0 per cent"

16 August 2008 Repo rate is the rate at which RBI is willing to lend to banks. basis points is nothing but the rate expressed per 1000.

16 August 2008 I think 50 basis points means 0.5% i.e. per 10000




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