Editing Repurchase agreement (section)

=== Reserve Bank of India's use of repos ===
In India, the [[Reserve Bank of India]] (RBI) uses repo and reverse repo to increase or decrease money supply in the economy. The rate at which the RBI lends to commercial banks is called the repo rate. In case of inflation, the RBI may increase the repo rate, thus discouraging banks to borrow and reducing the money supply in the economy.<ref name=repo-rate>{{cite web|title=Definition of 'Repo Rate'|url=http://economictimes.indiatimes.com/definition/repo-rate|website=[[The Economic Times]]|access-date=23 July 2014}}</ref> As of September 2020, the RBI repo rate is set at 4.00% and the reverse repo rate at 3.35%.<ref>{{Cite news|last=Das|first=Saikat|title=RBI unlikely to change repo rate this week|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/rbi-unlikely-to-change-repo-rate-this-week/articleshow/78356036.cms|access-date=30 September 2020}}</ref>