5.25%
Repo rate now
Neutral stance, August 2026
5 Dec 2025
Last change, a cut of 25 bps
Held at 4 meetings since
18 cuts, 8 hikes
Rate changes since January 2015
26 changes in all
4.82%
CPI inflation, 2026-08
Repo rate is 0.43 points above it
The next decision is due on 7 Oct 2026. As of 6 Oct 2026 it has not been announced. Economists polled expect a hike, but that is a forecast.
Repo rate since 2015
Each marker is a change. The rate was 8.00% before January 2015.
The line runs to 6 October 2026. The 7 October decision is not part of it.
Source: BankBazaar, Finnovate, Bricksnwall, indiainflation.com, Global Rates. Dates cross checked across sites.
View as table
| Date | Change | New rate |
|---|---|---|
| 5 Dec 2025 | Cut 25 bps | 5.25% |
| 6 Jun 2025 | Cut 50 bps | 5.50% |
| 9 Apr 2025 | Cut 25 bps | 6.00% |
| 7 Feb 2025 | Cut 25 bps | 6.25% |
| 8 Feb 2023 | Hike 25 bps | 6.50% |
| 7 Dec 2022 | Hike 35 bps | 6.25% |
| 30 Sep 2022 | Hike 50 bps | 5.90% |
| 5 Aug 2022 | Hike 50 bps | 5.40% |
| 8 Jun 2022 | Hike 50 bps | 4.90% |
| 4 May 2022 | Hike 40 bps | 4.40% |
| 22 May 2020 | Cut 40 bps | 4.00% |
| 27 Mar 2020 | Cut 75 bps | 4.40% |
| 4 Oct 2019 | Cut 25 bps | 5.15% |
| 7 Aug 2019 | Cut 35 bps | 5.40% |
| 6 Jun 2019 | Cut 25 bps | 5.75% |
| 4 Apr 2019 | Cut 25 bps | 6.00% |
| 7 Feb 2019 | Cut 25 bps | 6.25% |
| 1 Aug 2018 | Hike 25 bps | 6.50% |
| 6 Jun 2018 | Hike 25 bps | 6.25% |
| 2 Aug 2017 | Cut 25 bps | 6.00% |
| 4 Oct 2016 | Cut 25 bps | 6.25% |
| 5 Apr 2016 | Cut 25 bps | 6.50% |
| 29 Sep 2015 | Cut 50 bps | 6.75% |
| 2 Jun 2015 | Cut 25 bps | 7.25% |
| 4 Mar 2015 | Cut 25 bps | 7.50% |
| 15 Jan 2015 | Cut 25 bps | 7.75% |
View meetings as table
| Meeting | Decision | Rate | Stance |
|---|---|---|---|
| 5 Aug 2026 | Held | 5.25% | Neutral |
| 5 Jun 2026 | Held | 5.25% | Not verified |
| 8 Apr 2026 | Held | 5.25% | Not verified |
| 6 Feb 2026 | Held | 5.25% | Not verified |
| 5 Dec 2025 | Cut 25 bps | 5.25% | Not verified |
| 1 Oct 2025 | Held | 5.50% | Not verified |
| 6 Aug 2025 | Held | 5.50% | Not verified |
| 6 Jun 2025 | Cut 50 bps | 5.50% | Not verified |
| 9 Apr 2025 | Cut 25 bps | 6.00% | Not verified |
| 7 Feb 2025 | Cut 25 bps | 6.25% | Not verified |
Figures were last checked against the sources above on 6 October 2026. Refresh cycle: After each MPC meeting.