Rho and call options

I don’t understand how Rho increases a call option. If the risk free rate, Rho, increases wouldn’t dividing by a bigger number create a smaller number causing the call option to lose value/move towards out of the money?

Look at put-call parity: if the risk-free rate increases, the present value of the strike price decreases; to maintain equality, either the price of a call option has to increase or the price of a put option has to decrease (or both).

Thank you. It makes sense now.

Good to hear!