Reserve Bank of India · Policy repo rate
India · INR · Policy rate
The Reserve Bank of India’s Policy repo rate is 5.25 %, last changed on 5 Dec 2025 when it was cut by 25 bp from 5.50 %. The next scheduled decision is on .
5.25 %
- Last change
- cut −25 bp·
- Previous rate
- 5.50 %
- Next decision
- Latest observation
- Source
- BIS
5.25 % ·
18 Sep 20210.00 – 6.50 %18 Sep 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | −25 bp | |
| 5.50 % | hold | |
| 5.50 % | hold | |
| 5.50 % | −50 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp |
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- India
- Currency
- INR
- Type
- Policy rate
- Set by
- Reserve Bank of India
- History since
- 1946
- Changes in the last 12 months
- 1
Questions and answers
- What is the current Reserve Bank of India interest rate?
- The Reserve Bank of India’s Policy repo rate is 5.25 %, last changed on 5 Dec 2025 when it was cut by 25 bp from 5.50 %.
- When did the Reserve Bank of India last change its rate?
- On 5 Dec 2025, when the Policy repo rate was cut by 25 bp to 5.25 % from 5.50 %.
- What did the Reserve Bank of India decide at its last meeting?
- On 5 Jun 2026 it held the Policy repo rate at 5.25 %.
- When is the next Reserve Bank of India rate decision?
- The next scheduled announcement is on 7 Oct 2026.
All changes since 2016
| Date | Rate | Change |
|---|---|---|
| 5.25 % | −25 bp | |
| 5.50 % | −50 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp | |
| 6.50 % | +25 bp | |
| 6.25 % | +35 bp | |
| 5.90 % | +50 bp | |
| 5.40 % | +50 bp | |
| 4.90 % | +50 bp | |
| 4.40 % | +40 bp | |
| 4.00 % | −40 bp | |
| 4.40 % | −75 bp | |
| 5.15 % | −25 bp | |
| 5.40 % | −35 bp | |
| 5.75 % | −25 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp | |
| 6.50 % | +25 bp | |
| 6.25 % | +25 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Asia
Source: BIS central bank policy rates. Latest observation 23 Jul 2026. Refreshed every 30 minutes.