HistoryRepo Rate
The RBI policy repo rate stands at 5.5% (last changed 6 June 2025). Every MPC move below — verify the latest decision on rbi.org.in.
Maintained by lemmatools Editorial Team · Last updated:
Indicative rates. These figures are maintained manually and may lag the banks’ latest revisions — always confirm on the official source or the bank’s website before making a deposit or loan decision.
Current repo rate
5.50%
Since 6 June 2025 — Jumbo cut + CRR reduction
| Date | Repo rate | Change | Context |
|---|---|---|---|
| 6 June 2025 | 5.50% | -50 bps | Jumbo cut + CRR reduction |
| 9 April 2025 | 6.00% | -25 bps | Easing continues; stance turns accommodative |
| 7 February 2025 | 6.25% | -25 bps | First cut in nearly five years |
| 6 April 2023 | 6.50% | — | Long pause begins — held through 2024 |
| 8 February 2023 | 6.50% | +25 bps | Peak of the cycle |
| 7 December 2022 | 6.25% | +35 bps | Pace of hikes slows |
| 30 September 2022 | 5.90% | +50 bps | Inflation above tolerance band |
| 5 August 2022 | 5.40% | +50 bps | Third consecutive hike |
| 8 June 2022 | 4.90% | +50 bps | Tightening cycle continues |
| 4 May 2022 | 4.40% | +40 bps | Off-cycle hike as inflation surged |
| 22 May 2020 | 4.00% | -40 bps | Pandemic emergency cut — historic low |
Why this number reaches your EMI
The repo rate is what banks pay the RBI for overnight funds, and since 2019 every floating retail loan must be priced off an external benchmark — in practice, this one. When the MPC cuts, your home-loan rate falls at the next reset (typically within three months); banks usually keep your EMI constant and shorten the tenure instead, so ask for the EMI reduction explicitly if you want the cash flow. Deposit rates follow with a lag, which is why FD rates drift down in easing cycles — lock long tenures when the cycle is near its top.
To see a rate change in rupees: reprice your loan in the EMI calculator at the old and new rate — on ₹50 lakh over 20 years, a 50 bps cut is about ₹1,600 a month or ₹3.8 lakh over the loan.