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India macro › RBI policy decisions › 7 October 2026

RBI policy, 7 October 2026: repo rate raised to 5.50%

The RBI's Monetary Policy Committee raised the repo rate by 25 basis points to 5.50% on 7 October 2026. The decision was unanimous. The committee changed its stance to calibrated tightening, from neutral. The previous increase was on 8 February 2023. CPI inflation for August 2026, the latest reading before the decision, was 4.83%.

7 October 2026
Repo rate5.50%
Before the decision5.25%
VoteUnanimous
StanceCalibrated tightening
RBI policy repo rateNov 2021 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%202220232024202520265.50%
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, resolution of the Monetary Policy Committee. The latest figures for every indicator are on the India macro dashboard.