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Interest rates on both loans and fixed deposits depend on the repo rate issued by RBI. On 9th October 2019, it was announced that the repo rate will be decreased by 25 basis points with a total drop of 135 basis points between the months of February and October.
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Understanding the WMS is very important for its implementation and to judge the appropriateness of the system. The article, given below, talks about the 3 important elements of the same.
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