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India macro › RBI policy decisions › 4 October 2019

RBI policy, 4 October 2019: repo rate cut to 5.15%

The RBI's Monetary Policy Committee cut the repo rate by 25 basis points to 5.15% on 4 October 2019. The previous cut was on 7 August 2019. CPI inflation for August 2019, the latest reading before the decision, was 3.28%.

4 October 2019
Repo rate5.15%
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%201920202021202220232024202520265.15%
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.