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India macro › RBI policy decisions

RBI repo rate decisions

Every change in the RBI's policy repo rate since 2018 and every Monetary Policy Committee decision since April 2026, with the vote and the stance.

RBI policy repo rateJan 2019 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%2020202120222023202420252026
The repo rate is the rate at which the RBI lends to banks overnight; it is set by the Monetary Policy Committee, which meets six times a year. CPI inflation is shown for context.

Every release

Source: Reserve Bank of India, monetary policy statements.