Repo rate
The interest rate at which the Reserve Bank of India or the Central Bank lends short term money to banks in the event of any shortfall of funds is called the Repurchase Rate or Repo Rate. The Reserve bank uses this tool when it feels there is too much money floating in the banking system.
Current repo rate is 4 Reverse Repo rate is the short term borrowing rate at which RBI borrows money from banks.
. Repo Rate essentially is used by monetary authorities to control inflation credit availability and economic growth. An increase in the reverse repo rate means that the banks will get a higher rate of interest from RBI.
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