Getting error “Rate should be between : 0.00 and 0.00” while updating rates from channel manager / Rate Threshold error

Refer to the below attached video for the same,

Encountering the error "Rate should be between 0.00 and 0.00" when updating rates from the channel manager. 

This error arises due to unset minimum and maximum rate thresholds for the rate plan. 

Path: New Extranet >> Menu >> Rate Threshold

• Navigate to the New Extranet.
• Go to Menu > Rate Threshold.
• Set appropriate minimum and maximum rates for the affected rate plan.
• Save the changes.

What is Rate Threshold?

Rate thresholds prevent excessively high rates from being published on OTAs, which can negatively impact hotel rankings.