RBI Repo Rate History (2010-2026)
All Reserve Bank of India Monetary Policy Committee (MPC) rate decisions. The repo rate is the rate at which RBI lends to commercial banks - it drives home loan, car loan and FD rates across India.
Source: Reserve Bank of India (rbi.org.in) ยท Last updated: September 2026
Current RBI Repo Rate (June 2025)
5.75%
Cut by 0.25% in June 2025. The rate cycle has been in easing mode since February 2025, with three cuts totalling 0.75%.
5.75%
Current rate
As of June 2025
6.50%
Recent peak (2023-25)
Held for ~2 years
4.00%
COVID-era low
May 2020 - Apr 2022
Why the repo rate matters to you
- ๐ Rate cut โ banks lower home loan, car loan EMIs within weeks
- ๐ Rate hike โ floating rate EMIs increase; FD rates typically rise
- ๐ฐ FD rates are loosely linked - banks raise/lower FD rates in the same direction
- ๐ Home loans: most modern home loans are EBLR (external benchmark linked) - repo rate changes flow through directly, usually within one billing cycle
MPC decision history
| Period | Repo Rate | Change |
|---|---|---|
| Jun 2025 | 5.75% | โ0.25% |
| Apr 2025 | 6.00% | โ0.25% |
| Feb 2025 | 6.25% | โ0.25% |
| Feb 2023 - Jan 2025 | 6.50% | Held |
| Dec 2022 | 6.25% | +0.35% |
| Sep 2022 | 5.90% | +0.50% |
| Aug 2022 | 5.40% | +0.50% |
| Jun 2022 | 4.90% | +0.50% |
| May 2022 | 4.40% | +0.40% |
| May 2020 - Apr 2022 | 4.00% | Held |
| Mar 2020 (emergency) | 4.40% | โ0.75% |
| Feb 2020 | 5.15% | Held |
| Oct 2019 | 5.15% | โ0.25% |
| Aug 2019 | 5.40% | โ0.35% |
| Jun 2019 | 5.75% | โ0.25% |
| Apr 2019 | 6.00% | โ0.25% |
| Feb 2019 | 6.25% | โ0.25% |
| Jun 2018 - Jan 2019 | 6.50% | Held/Hiked |
| Jun 2018 | 6.25% | +0.25% |
| Aug 2017 - May 2018 | 6.00% | Held |
| Aug 2017 | 6.00% | โ0.25% |
| Oct 2016 - Jun 2017 | 6.25% | Held |
| Oct 2016 | 6.25% | โ0.25% |
| Apr 2016 - Sep 2016 | 6.50% | Held |
| Apr 2016 | 6.50% | โ0.25% |
| Sep 2015 - Mar 2016 | 6.75% | Held |
| Sep 2015 | 6.75% | โ0.50% |
| Jun 2015 | 7.25% | โ0.25% |
| Mar 2015 | 7.50% | โ0.25% |
| Jan 2015 | 7.75% | โ0.25% |
| Jan 2014 - Dec 2014 | 8.00% | Held/Hiked |
| Jan 2014 | 8.00% | +0.25% |
| Oct 2013 | 7.75% | +0.25% |
| Mar 2012 - Sep 2013 | 7.25-8.00% | Various |