Banking Rates: Reverse Repo Rate
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Consider a situation in which John's bank had excess funds.
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The bank deposits the funds in the RBI and earns interest on that amount. This rate of interest is known as Reverse Repo Rate.
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It is used by the country's central bank as an instrument to check inflation.
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By increasing the Reverse Repo Rate, RBI motivates commercial banks to deposit their funds leading to control inflation.
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This reduces the money supply in the economy and thus helps in arresting Inflation.
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