Marginal Standing Facility (MSF) Rate is the penal rate at which the Central Banks lend money to Banks, over the rate available under the Repo…

Marginal Standing Facility (MSF) Rate is the penal rate at which the Central Banks lend money to Banks, over the rate available under the Repo Policy. Which of the following are the correct options to calculate MSF Rate ? Option (1): MSF Rate Repo Rate + 1 MSF Rate Option (2): MSF Rate-Repo Rate-1 MSF Rate Option (3): MSF Rate = Repo Rate + 1 Option (4): MSF Rate Repo Rate - 1