Repo rate
Published
Every value is as printed in a published official release.
At what interest rate does the RBI lend to banks, and when did it change?
Latest figure
5.50%The RBI’s policy repo rate, in force from 7 Oct 2026. Raised by 25 basis points; it was 5.25%. Still in force on 11 Oct 2026.
Since October 2019 banks must link new floating-rate retail loans, such as home loans, to an outside benchmark, and the repo rate is one of the allowed choices. A loan linked to it changes rate when it changes.
As printed
After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 bps to 5.50 per cent.
From Monetary Policy Statement, 2026-27: Resolution of the Monetary Policy Committee, October 5 to 7, 2026, published 7 Oct 2026.
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7 Oct 2026: 5.50%. +25 basis points from 5 Dec 2025. Published.
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Selected period: 7 Oct 2026Policy repo rate · % a year. Each step is the day a new rate took effect. The line stays flat until the next change and runs to the latest date we checked.
In plain words
What it means
The repo rate is the interest rate at which the Reserve Bank of India lends money to banks for short periods. A higher repo rate makes borrowing dearer across the economy; a lower one makes it cheaper.
A six-member Monetary Policy Committee sets it.
Before 3 May 2011 the RBI used the repo and reverse repo rates together. Since then the repo rate is the single policy rate.
What this number is not
- Not the rate your bank charges you: banks add their own margin on top.
- Not a rate the government sets: the RBI’s Monetary Policy Committee decides it.
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Sources
Where this comes from
Published
Every change from June 2008 to December 2025 comes from Table 40 of RBI’s Handbook of Statistics on the Indian Economy 2025-26. Changes after the Handbook come from the Monetary Policy Committee’s own resolutions.
How we check the numbers →- Published
- 7 Oct 2026
- Where in the file
- Monetary Policy Statement, 2026-27: Resolution of the Monetary Policy Committee, October 5 to 7, 2026, paragraph 2
Technical details
Values shown on this page: 56
Methodology segment: rbi-policy-repo-rate
Selected value location: Monetary Policy Statement, 2026-27: Resolution of the Monetary Policy Committee, October 5 to 7, 2026, paragraph 2
Selected value, as printed: After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 bps to 5.50 per cent.
Data fingerprint: 6a90da3f7013325b
Latest release file: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63742
SHA-256: ace728d2aaef211d66ec468801792e9661b00bf80c26c2b2f1b162ef82129adb
Resolver: rbi-press-release-passage 1
- Published
- 31 Jul 2026
- Where in the file
- Handbook of Statistics on the Indian Economy 2025-26, Table 40
Data table
Every value, as printed
One row for each change, on the date it took effect. Changes in basis points (100 basis points = 1 percentage point).
Show all 56 valuesEvery value, as published
| Period | Value | Change | Official release | Published |
|---|---|---|---|---|
| 7 Oct 2026 | 5.50% | +25 basis points | Monetary Policy Statement, 2026-27: Resolution of the Monetary Policy Committee, October 5 to 7, 2026 | 7 Oct 2026 |
| 5 Dec 2025 | 5.25% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 6 Jun 2025 | 5.50% | −50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 9 Apr 2025 | 6.00% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 7 Feb 2025 | 6.25% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 8 Feb 2023 | 6.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 7 Dec 2022 | 6.25% | +35 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 30 Sept 2022 | 5.90% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 5 Aug 2022 | 5.40% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 8 Jun 2022 | 4.90% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 4 May 2022 | 4.40% | +40 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 22 May 2020 | 4.00% | −40 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 27 Mar 2020 | 4.40% | −75 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 4 Oct 2019 | 5.15% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 7 Aug 2019 | 5.40% | −35 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 6 Jun 2019 | 5.75% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 4 Apr 2019 | 6.00% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 7 Feb 2019 | 6.25% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 1 Aug 2018 | 6.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 6 Jun 2018 | 6.25% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 2 Aug 2017 | 6.00% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 4 Oct 2016 | 6.25% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 5 Apr 2016 | 6.50% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 29 Sept 2015 | 6.75% | −50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 2 Jun 2015 | 7.25% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 4 Mar 2015 | 7.50% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 15 Jan 2015 | 7.75% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 28 Jan 2014 | 8.00% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 29 Oct 2013 | 7.75% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 20 Sept 2013 | 7.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 3 May 2013 | 7.25% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 19 Mar 2013 | 7.50% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 29 Jan 2013 | 7.75% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 17 Apr 2012 | 8.00% | −50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 25 Oct 2011 | 8.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 16 Sept 2011 | 8.25% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 26 Jul 2011 | 8.00% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 16 Jun 2011 | 7.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 3 May 2011 | 7.25% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 17 Mar 2011 | 6.75% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 25 Jan 2011 | 6.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 2 Nov 2010 | 6.25% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 16 Sept 2010 | 6.00% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 27 Jul 2010 | 5.75% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 2 Jul 2010 | 5.50% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 20 Apr 2010 | 5.25% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 19 Mar 2010 | 5.00% | +25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 21 Apr 2009 | 4.75% | −25 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 5 Mar 2009 | 5.00% | −50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 5 Jan 2009 | 5.50% | −100 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 8 Dec 2008 | 6.50% | −100 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 3 Nov 2008 | 7.50% | −50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 20 Oct 2008 | 8.00% | −100 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 30 Jul 2008 | 9.00% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 25 Jun 2008 | 8.50% | +50 basis points | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |
| 12 Jun 2008 | 8.00% | — | Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates and Reserve Requirements | 31 Jul 2026 |