Reference
RBI repo rate history: current rate 5.50%
The repo rate is the rate at which the Reserve Bank of India lends to banks. Since October 2019, most floating-rate home loans are linked to it directly: your rate is the repo rate plus a fixed spread, and it changes at your loan's own reset dates.
Current repo rate: 5.50%, effective 7 October 2026 after a 25 bps increase from 5.25%. Highest in this record: 9.00% (29 July 2008). Lowest: 4.00% (22 May 2020).
All 62 changes
Only changes are listed. Meetings where the rate was held are not. The last row, 26 October 2005, is where this record starts, not a change.
| Effective | Repo rate | Change |
|---|---|---|
| 7 October 2026 | 5.50% | +25 bps |
| 5 December 2025 | 5.25% | −25 bps |
| 6 June 2025 | 5.50% | −50 bps |
| 9 April 2025 | 6.00% | −25 bps |
| 7 February 2025 | 6.25% | −25 bps |
| 8 February 2023 | 6.50% | +25 bps |
| 7 December 2022 | 6.25% | +35 bps |
| 30 September 2022 | 5.90% | +50 bps |
| 5 August 2022 | 5.40% | +50 bps |
| 8 June 2022 | 4.90% | +50 bps |
| 4 May 2022 | 4.40% | +40 bps |
| 22 May 2020 | 4.00% | −40 bps |
| 27 March 2020 | 4.40% | −75 bps |
| 4 October 2019 | 5.15% | −25 bps |
| 7 August 2019 | 5.40% | −35 bps |
| 6 June 2019 | 5.75% | −25 bps |
| 4 April 2019 | 6.00% | −25 bps |
| 7 February 2019 | 6.25% | −25 bps |
| 1 August 2018 | 6.50% | +25 bps |
| 6 June 2018 | 6.25% | +25 bps |
| 2 August 2017 | 6.00% | −25 bps |
| 4 October 2016 | 6.25% | −25 bps |
| 5 April 2016 | 6.50% | −25 bps |
| 29 September 2015 | 6.75% | −50 bps |
| 2 June 2015 | 7.25% | −25 bps |
| 4 March 2015 | 7.50% | −25 bps |
| 15 January 2015 | 7.75% | −25 bps |
| 28 January 2014 | 8.00% | +25 bps |
| 29 October 2013 | 7.75% | +25 bps |
| 20 September 2013 | 7.50% | +25 bps |
| 3 May 2013 | 7.25% | −25 bps |
| 19 March 2013 | 7.50% | −25 bps |
| 29 January 2013 | 7.75% | −25 bps |
| 17 April 2012 | 8.00% | −50 bps |
| 25 October 2011 | 8.50% | +25 bps |
| 16 September 2011 | 8.25% | +25 bps |
| 26 July 2011 | 8.00% | +50 bps |
| 16 June 2011 | 7.50% | +25 bps |
| 3 May 2011 | 7.25% | +50 bps |
| 17 March 2011 | 6.75% | +25 bps |
| 25 January 2011 | 6.50% | +25 bps |
| 2 November 2010 | 6.25% | +25 bps |
| 16 September 2010 | 6.00% | +25 bps |
| 27 July 2010 | 5.75% | +25 bps |
| 2 July 2010 | 5.50% | +25 bps |
| 20 April 2010 | 5.25% | +25 bps |
| 19 March 2010 | 5.00% | +25 bps |
| 21 April 2009 | 4.75% | −25 bps |
| 4 March 2009 | 5.00% | −50 bps |
| 2 January 2009 | 5.50% | −100 bps |
| 8 December 2008 | 6.50% | −100 bps |
| 3 November 2008 | 7.50% | −50 bps |
| 20 October 2008 | 8.00% | −100 bps |
| 29 July 2008 | 9.00% | +50 bps |
| 24 June 2008 | 8.50% | +50 bps |
| 11 June 2008 | 8.00% | +25 bps |
| 30 March 2007 | 7.75% | +25 bps |
| 31 January 2007 | 7.50% | +25 bps |
| 30 October 2006 | 7.25% | +25 bps |
| 25 July 2006 | 7.00% | +25 bps |
| 8 June 2006 | 6.75% | +25 bps |
| 24 January 2006 | 6.50% | +25 bps |
| 26 October 2005 | 6.25% | — |
Compiled from RBI Monetary Policy Committee statements and press releases. Check any figure against the RBI's Database on Indian Economy (dbie.rbi.org.in) before relying on it.
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