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What is The Credit Card Interest Rate and How is it Calculated
It is calculated on a daily basis, so your APR must be converted to a daily rate. Interest is compounded on the outstanding balance on a daily basis. The daily rate is determined by dividing your credit card's APR by 365 to find the rate per day. For More information visit: https://article-realm.com/article/Finance-and-Investments/32626-What-Is-The-Credit-Card-Interest-Rate-And-How-is-it-Calculated.html

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The repo rate is an effective tool to keep inflation in check. Hence, RBI increases or decreases the repo rate depending on the economic scenario. For instance, RBI raises this rate during high inflation to make financial lenders less inclined to borrow money.
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Affects of Repo Rate on Home Buyers Any modification in the current repo rate will further affect the financial institution's credit cost, which impacts their lending policies.