Banks / India

Reserve Bank of India: decision history

Policy rate: policy repo rate

Every observed decision and the rate series. The facts below are computed from observed decisions only, never from the calendar.

0days since the last change (7 Oct 2026)
0consecutive holds
11observed decisions since 7 Feb 2025

Past moves by size

Observed decisions

DateDecisionBeforeAfterChangeStatement
raise5.25%↑5.50%+25 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63742
hold5.25%=5.25%0 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63287
hold5.25%=5.25%0 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62863
hold5.25%=5.25%0 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62514
hold5.25%=5.25%0 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62169
cut5.50%↓5.25%−25 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61749
hold5.50%=5.50%0 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61332
hold5.50%=5.50%0 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60957
cut6.00%↓5.50%−50 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60604
cut6.25%↓6.00%−25 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60176
cut6.50%↓6.25%−25 bphttps://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=59692

Rate series

6.50%5.25%8 Feb 20237 Oct 2026
EffectiveRateSource
5.50%https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63742
5.25%https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61749
5.50%https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60604
6.00%https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60176
6.25%https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=59692
6.50%https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55178