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India macro › RBI policy decisions › 7 August 2019

RBI policy, 7 August 2019: repo rate cut to 5.40%

The RBI's Monetary Policy Committee cut the repo rate by 35 basis points to 5.40% on 7 August 2019. The previous cut was on 6 June 2019. CPI inflation for June 2019, the latest reading before the decision, was 3.18%.

7 August 2019
Repo rate5.40%
Before the decision5.75%
RBI policy repo rateSep 2018 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%201920202021202220232024202520265.40%
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.