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India macro › RBI policy decisions › 7 February 2025

RBI policy, 7 February 2025: repo rate cut to 6.25%

The RBI's Monetary Policy Committee cut the repo rate by 25 basis points to 6.25% on 7 February 2025. The previous cut was on 22 May 2020. CPI inflation for December 2024, the latest reading before the decision, was 5.22%.

7 February 2025
Repo rate6.25%
Before the decision6.50%
RBI policy repo rateMar 2020 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%2021202220232024202520266.25%
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.