what is the current repo rate

The current repo rate in the United States is 5.38% as of November 7, 2023. It is expected to be 5.64% by the end of the quarter and is projected to trend around 5.13% in 2024 and 3.88% in 2025 according to Trading Economics global macro models and analysts expectations. The repo rate is the interest rate at which different market participants swap treasuries for cash to cover short-term cash needs. In India, the current repo rate is 6.50% as of 10th August, 2023. The reverse repo rate in India stands at 3.35% . These rates are set by the respective central banks to influence the money supply and inflation in their economies.