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RBI Repo Rate — Interactive Timeline
Every policy repo rate decision since the 2022 tightening cycle, to the latest MPC.
5.25%
Current repo rate · June 5, 2026
6.50%
Cycle high · Feb 2023
4.40%
Cycle low · May 2022
Policy repo rate (%) — step changes by MPC decision
What this means for a banker: After a 250 bps tightening (2022–23) and a long hold at 6.50%, RBI pivoted to easing in 2025 — cutting 125 bps to 5.25% — and has now held for three straight meetings with a neutral stance. Floating-rate (EBLR) loan books reprice with these moves within a quarter; the current pause signals stable EMIs near-term.
| MPC | Repo rate | Move |
|---|
| May 2022 | 4.40% | +40 bps |
| Jun 2022 | 4.90% | +50 bps |
| Aug 2022 | 5.40% | +50 bps |
| Sep 2022 | 5.90% | +50 bps |
| Dec 2022 | 6.25% | +35 bps |
| Feb 2023 | 6.50% | +25 bps |
| Feb 2025 | 6.25% | -25 bps |
| Apr 2025 | 6.00% | -25 bps |
| Jun 2025 | 5.50% | -50 bps |
| Dec 2025 | 5.25% | -25 bps |
| Jun 2026 | 5.25% | Unchanged |