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RBI Repo Rate — current rate & full history

Quick answerThe RBI repo rate is currently 5.25% (as of June 2026), held after a 125 bps easing cycle that cut it from a 6.50% peak. The MPC kept the rate unchanged at its most recent meeting on 5 June 2026, retaining a neutral stance. The repo rate is the rate at which the RBI lends to banks — it drives banksâ cost of funds, lending rates (EBLR-linked loans) and deposit rates.

Next MPC meetingThe Monetary Policy Committee meets next on 3–5 August 2026; the repo-rate decision is announced on the final day, Wednesday, 5 August 2026 (official RBI schedule). Bookmark this page — the chart and history table update the same day the decision lands.

The chart above is a visual summary; the table below carries the same RBI repo-rate figures so they are readable without JavaScript — for accessibility and AI answer engines.

Every change — rate-history data table

Effective	Repo rate	Note
22 May 2020	4.00%	COVID-era low — rates slashed to support the economy
4 May 2022	4.40%	Hiking cycle begins (off-cycle hike)
8 Jun 2022	4.90%	Inflation-fighting tightening
5 Aug 2022	5.40%
30 Sep 2022	5.90%
7 Dec 2022	6.25%
8 Feb 2023	6.50%	Peak of the cycle — held for ~2 years
7 Feb 2025	6.25%	Easing cycle begins
9 Apr 2025	6.00%
6 Jun 2025	5.50%	Deeper 50 bps cut
5 Dec 2025	5.25%	Cut to the current level

What it means for bankers

When the RBI cuts the repo rate, banksâ cost of borrowing falls. EBLR-linked loan rates (most retail floating loans) reset lower, EMIs ease, and deposit rates typically soften with a lag. When the RBI hikes, the reverse happens. The current easing cycle (â125 bps) has lowered floating loan rates across home loans, LAP and MSME credit.

Key terms in this dataPlain-English definitions of the terms behind this dashboard — see the full Indian banking glossary. Repo rate · CRR · SLR · Reverse repo · SDF · MSF · LAF

Explore the rulesThe RBI rules behind these numbers, simplified for bankers: Home Loans, Deposits / Interest Rates, Loan Against Property.

Master Direction familySee where these rules sit in the RBI rulebook — browse the relevant families: · .

Related topic clusterThis dashboard supports the Retail & Secured Lending topic cluster — the RBI rules, FAQs and related data for the whole theme.

More live dataExplore BankPulse’s other live RBI dashboards: Net Interest Margin (NIM) · Credit & Deposit Growth · RBI Penalty Tracker · Bank Health Scores · NPA / Asset-Quality Tracker.

Repo rate FAQ

What is the current RBI repo rate?

The RBI repo rate is 5.25% as of June 2026, held after a 125 basis-point easing cycle that cut it from a 6.50% peak. The most recent change was a cut to 5.25% effective 5 December 2025. At its most recent meeting on 5 June 2026 the MPC held the rate unchanged at 5.25% with a neutral stance.

What is the repo rate and why does it matter?

The repo rate is the rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities. It is the Monetary Policy Committee's main policy lever and sets the floor for banks' cost of funds, which feeds into lending and deposit rates.

How does a repo rate cut affect loan EMIs?

Most retail floating-rate loans are linked to an external benchmark (EBLR) tied to the repo rate. When the RBI cuts, these loans reset lower at the next reset date, easing EMIs; deposit rates typically soften with a lag.

When did the RBI last change the repo rate?

The RBI last changed the repo rate on 5 December 2025, cutting it to the current 5.25%.

Entities trackedBankPulse tracks 61 Indian banks & NBFCs across its penalty and bank-health intelligence — public-sector banks, private banks, small finance banks and NBFCs — each mapped to its Wikidata QID and Wikipedia article for entity disambiguation. Browse the machine-readable Banks & NBFCs JSON feed.

How to read this dashboard

Start with the Quick answer — the current repo rate and where it sits in the cycle.
Read the chart left to right: each step is one MPC decision; flat stretches are holds.
Use the Every change table for the exact effective date and basis-point move.
See What it means for bankers to translate a move into EBLR / EMI / deposit-rate impact.

Last reviewed 15 Jul 2026 by BankPulse Expert Review Panel

Methodology & sources: see how BankPulse dashboards are sourced, verified & updated · machine-readable methodology feed.

Source: RBI Monetary Policy Committee decisions, rbi.org.in. under the editorial review of our expert reviewer, CA Amit Jain. Last updated 15 Jul 2026, 12:33 IST.

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RBI Repo Rate — current rate & full history

Every change — rate-history data table

What it means for bankers

Repo rate FAQ

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