Multiple choice The reverse repo rate in March 2011 was 5% 5.5% 5.75% 6.5% Reveal answer Fill a bubble to check yourself C Correct answer Explanation The reverse repo rate in March 2011 was set at 5.75% by the Reserve Bank of India. This rate represents the interest RBI pays to banks when they park surplus funds with the central bank, and is a key monetary policy tool for controlling liquidity.