Rho ρ
Sensitivity of option price to a 1% change in interest rates.
Quick Answer
Rho measures how much an option's price changes when interest rates move by one percentage point — the least influential Greek for short-dated Indian options, but meaningful for long-dated positions.
Rho is one of the option Greeks — sensitivity of option price to a 1% change in interest rates. OptionsGyan teaches the options fundamentals; the complete reference for Rho — the plain-English meaning, formula, original diagram, a worked Nifty example, common mistakes and FAQ — lives on GreeksGyan, our dedicated option-Greeks site.
Read the full Rho guide on GreeksGyan
Rho (ρ) — the full guide
Meaning, formula, diagram, Nifty worked example, misconceptions and FAQ.
All the option Greeks
Delta, Gamma, Theta, Vega, Rho and the second-order Greeks, in one reference.
Related on OptionsGyan: the Option Greeks overview, the options calculators and the options fundamentals. Or jump straight to Rho on GreeksGyan →
Published 1 July 2026. Educational content only — not investment advice.