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India macro › RBI policy decisions › 30 September 2022

RBI policy, 30 September 2022: repo rate raised to 5.90%

The RBI's Monetary Policy Committee raised the repo rate by 50 basis points to 5.90% on 30 September 2022. The previous increase was on 5 August 2022. CPI inflation for August 2022, the latest reading before the decision, was 7.00%.

30 September 2022
Repo rate5.90%
Before the decision5.40%
RBI policy repo rateSep 2018 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%201920202021202220232024202520265.90%
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.