Which of the following statements are correct with reference to Repo Rate?
1. An increase in the repo rate helps in controlling inflation in the economy.
2. A decrease in the repo rate increases liquidity in the market.
3. Repo rate is always higher than the Reverse Repo Rate.
Select the correct answer using the codes given below:
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above