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India macro › RBI policy decisions › 27 March 2020

RBI policy, 27 March 2020: repo rate cut to 4.40%

The RBI's Monetary Policy Committee cut the repo rate by 75 basis points to 4.40% on 27 March 2020. The previous cut was on 4 October 2019. CPI inflation for February 2020, the latest reading before the decision, was 6.58%.

27 March 2020
Repo rate4.40%
Before the decision5.15%
RBI policy repo rateSep 2018 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%201920202021202220232024202520264.40%
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.

Source: Reserve Bank of India, monetary policy statements. The latest figures for every indicator are on the India macro dashboard.