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India macro › RBI policy decisions › 8 February 2023

RBI policy, 8 February 2023: repo rate raised to 6.50%

The RBI's Monetary Policy Committee raised the repo rate by 25 basis points to 6.50% on 8 February 2023. The previous increase was on 7 December 2022. CPI inflation for December 2022, the latest reading before the decision, was 5.72%.

8 February 2023
Repo rate6.50%
Before the decision6.25%
RBI policy repo rateSep 2018 – Oct 2026
−2.0%0.0%2.0%4.0%6.0%8.0%10.0%201920202021202220232024202520266.50%
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, monetary policy statements. The latest figures for every indicator are on the India macro dashboard.