Reserve Bank of India · Policy repo rate
India · INR · Policy rate
The Reserve Bank of India’s Policy repo rate is 5.50 %, last changed on 7 Oct 2026 when it was raised by 25 bp from 5.25 %. The next scheduled decision is on .
5.50 %
- Last change
- raised +25 bp·
- Previous rate
- 5.25 %
- Next decision
- Latest observation
- Source
- BIS
5.50 % ·
2 Nov 20210.00 – 6.50 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 5.50 % | +25 bp | |
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | −25 bp | |
| 5.50 % | hold | |
| 5.50 % | hold | |
| 5.50 % | −50 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
- 2
Questions and answers
- What is the current Reserve Bank of India interest rate?
- The Reserve Bank of India’s Policy repo rate is 5.50 %, last changed on 7 Oct 2026 when it was raised by 25 bp from 5.25 %.
- When did the Reserve Bank of India last change its rate?
- On 7 Oct 2026, when the Policy repo rate was raised by 25 bp to 5.50 % from 5.25 %.
- What did the Reserve Bank of India decide at its last meeting?
- On 7 Oct 2026 it raised the Policy repo rate by 25 bp to 5.50 %.
- When is the next Reserve Bank of India rate decision?
- The next scheduled announcement is on 4 Dec 2026.
Decisions by year since 2017
2026net +25 bp
| Date | Rate | Change |
|---|---|---|
| 5.50 % | +25 bp | |
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | hold | |
| 5.25 % | hold |
2025net −125 bp
| Date | Rate | Change |
|---|---|---|
| 5.25 % | −25 bp | |
| 5.50 % | hold | |
| 5.50 % | hold | |
| 5.50 % | −50 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp |
2023net +25 bp
| Date | Rate | Change |
|---|---|---|
| 6.50 % | +25 bp |
2022net +225 bp
| Date | Rate | Change |
|---|---|---|
| 6.25 % | +35 bp | |
| 5.90 % | +50 bp | |
| 5.40 % | +50 bp | |
| 4.90 % | +50 bp | |
| 4.40 % | +40 bp |
2020net −115 bp
| Date | Rate | Change |
|---|---|---|
| 4.00 % | −40 bp | |
| 4.40 % | −75 bp |
2019net −135 bp
| Date | Rate | Change |
|---|---|---|
| 5.15 % | −25 bp | |
| 5.40 % | −35 bp | |
| 5.75 % | −25 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp |
2018net +50 bp
| Date | Rate | Change |
|---|---|---|
| 6.50 % | +25 bp | |
| 6.25 % | +25 bp |
2017net −25 bp
| Date | Rate | Change |
|---|---|---|
| 6.00 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Asia
Source: BIS central bank policy rates. Latest observation 19 Oct 2026. Refreshed every 30 minutes.