BPS - Base Points
It is just an unit equivalent to hundred. It is used to indicate the change in rate of interest and other financial instrument.
1 Base Point is equal to 0.01%
RBI has recently reduced 50 BPS in Maintaining SLR and 25 BPS in LAF.
as a result the SLR now at 21.5%, Repo at 7.75% Reverse repo at 6.75% and MSF at 8.75%.
It is just an unit equivalent to hundred. It is used to indicate the change in rate of interest and other financial instrument.
1 Base Point is equal to 0.01%
RBI has recently reduced 50 BPS in Maintaining SLR and 25 BPS in LAF.
as a result the SLR now at 21.5%, Repo at 7.75% Reverse repo at 6.75% and MSF at 8.75%.
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