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RBI Repo Rate Today and History

The RBI repo rate is 5.50%, set by the Monetary Policy Committee on 7 October 2026 (+25 bps).

Standing deposit facility (SDF) 5.25%; marginal standing facility (MSF) and Bank Rate 5.75%. Stance: calibrated tightening (from neutral). The next MPC meeting is 2 December 2026 to 4 December 2026; the decision is announced on the last day.

Last updated:

How this table is made

Every figure is copied from the RBI's own resolution of the Monetary Policy Committee; click the date to read it on rbi.org.in. A new row is added on the day of each decision.

The repo rate is what banks pay to borrow from the RBI overnight. Loans linked to it, such as most new home loans, usually move with it. Nothing here is financial advice.

Every MPC decision since 2023

AnnouncedRepo rateChangeSDFMSFStance
5.50%+25 bps5.25%5.75%Calibrated tightening (from neutral)
5.25%No change5.00%5.50%Neutral
5.25%No change5.00%5.50%Neutral
5.25%No change5.00%5.50%Neutral
5.25%No change5.00%5.50%Neutral
5.25%−25 bps5.00%5.50%Neutral
5.50%No change5.25%5.75%Neutral
5.50%No change5.25%5.75%Neutral
5.50%−50 bps5.25%5.75%Neutral (from accommodative)
6.00%−25 bps5.75%6.25%Accommodative (from neutral)
6.25%−25 bps6.00%6.50%Neutral
6.50%No change6.25%6.75%Neutral
6.50%No change6.25%6.75%Neutral (from withdrawal of accommodation)
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%No change6.25%6.75%Withdrawal of accommodation
6.50%+25 bps6.25%6.75%Withdrawal of accommodation

Next MPC meetings

  • 2 December 2026 to 4 December 2026
  • 3 February 2027 to 5 February 2027

From the RBI's MPC meeting schedule for 2026-27.

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