RBI repo rate history
The repo rate is the rate at which the Reserve Bank of India lends short-term money to banks. Most floating-rate home loans are now linked to it, so they usually move when it moves. The RBI's rate committee meets about every two months and announces its decision after each meeting. The current repo rate is 5.5%, in effect since 7 Oct 2026. When the rate falls, your lender should pass the cut on, and your EMI or tenure shrinks. When it rises, both can grow. The chart and table below list every change since 2014, newest first. Use them to see how often and how far rates have moved. A change of 0.25% looks small, but on a ₹50 lakh, 20-year loan it moves the EMI by about ₹800 a month. Our guide on the repo rate explains how banks pass changes on to your EMI.
Current repo rate
5.5%
In effect since 7 Oct 2026
Data last updated 26 Oct 2026
| Effective date | Repo rate | Change |
|---|---|---|
| 7 Oct 2026 | 5.5% | +0.25% |
| 5 Dec 2025 | 5.25% | -0.25% |
| 6 Jun 2025 | 5.5% | -0.5% |
| 9 Apr 2025 | 6% | -0.25% |
| 7 Feb 2025 | 6.25% | -0.25% |
| 8 Feb 2023 | 6.5% | +0.25% |
| 7 Dec 2022 | 6.25% | +0.35% |
| 30 Sept 2022 | 5.9% | +0.5% |
| 5 Aug 2022 | 5.4% | +0.5% |
| 8 Jun 2022 | 4.9% | +0.5% |
| 4 May 2022 | 4.4% | +0.4% |
| 22 May 2020 | 4% | -0.4% |
| 27 Mar 2020 | 4.4% | -0.75% |
| 4 Oct 2019 | 5.15% | -0.25% |
| 7 Aug 2019 | 5.4% | -0.35% |
| 6 Jun 2019 | 5.75% | -0.25% |
| 4 Apr 2019 | 6% | -0.25% |
| 7 Feb 2019 | 6.25% | -0.25% |
| 1 Aug 2018 | 6.5% | +0.25% |
| 6 Jun 2018 | 6.25% | +0.25% |
| 2 Aug 2017 | 6% | -0.25% |
| 4 Oct 2016 | 6.25% | -0.25% |
| 5 Apr 2016 | 6.5% | -0.25% |
| 29 Sept 2015 | 6.75% | -0.5% |
| 2 Jun 2015 | 7.25% | -0.25% |
| 4 Mar 2015 | 7.5% | -0.25% |
| 15 Jan 2015 | 7.75% | -0.25% |
| 28 Jan 2014 | 8% | - |
Common questions
- What is the repo rate?
- It is the rate at which the RBI lends money to banks for the short term. It guides the rates banks charge on loans.
- Does my home loan rate change when the repo rate changes?
- If your loan is linked to the repo rate, yes. Banks reset such loans every three months or sooner. Older loans linked to MCLR or a base rate change more slowly.
- Where does this data come from?
- From published RBI policy announcements, compiled into a public table. We update it when the RBI changes the rate.
- Will my EMI fall when the repo rate falls?
- Your lender may lower the EMI or shorten the tenure. Ask which one it does, since shortening the tenure saves more interest.