DUBAI:Saudi Arabia's central bank said on Wednesday it was raising its reverse repo rate, the rate at which commercial banks deposit money with the central bank, by 25 basis points to 1.50 percent after the U.S. Federal Reserve tightened policy.

The Saudi central bank also said it was keeping its repo rate, used to lend money to banks, unchanged at 2.00 percent.

(Reporting by Andrew Torchia, editing by Larry King) ((; +9715 6681 7277; Reuters Messaging: