MUMBAI (Reuters) -The Reserve Bank of India cut its key repo rate by a larger-than-expected 50 basis points on Friday to focus on supporting economic growth.
The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, cut the repo rate to 5.50%.
It also changed the monetary policy stance to neutral from accommodative.
The RBI cut the standing deposit facility rate to 5.25% and adjusted the marginal standing facility to 5.75%.
It also cut the cash reserve ratio by 100 basis points to 3%, adding to already surplus liquidity, to boost rate cut transmission.
Here is a timeline of changes to India’s repo rate since June 2000.
*RATE (%) EFFECTIVE DATE
5.50 06-06-2025
6.0009-04-2025
6.2507-02-2025
6.50 06-12-2024
6.50 09-10-2024
6.50 08-08-2024
6.50 07-06-2024
6.50 05-04-2024
6.50 08-02-2024
6.50 08-12-2023
6.50 06-10-2023
6.50 08-06-2023
6.50 06-04-2023
6.50 08-02-2023
6.25 07-12-2022
5.90 30-09-2022
5.4005-08-2022
4.90 08-06-2022
4.40 04-05-2022
4.00 22-05-2020
4.40 27-03-2020
5.15 06-02-2020
5.15 05-12-2019
5.15 04-10-2019
5.40 07-08-2019
5.75 06-06-2019
6.00 04-04-2019
6.25 07-02-2019
6.50 01-08-2018
6.25 06-06-2018
6.00 02-08-2017
6.25 04-10-2016
6.50 05-04-2016
6.75 29-09-2015
7.25 02-06-2015
7.50 04-03-2015
7.75 15-01-2015
8.00 28-01-2014
7.75 29-10-2013
7.50 20-09-2013
7.25 03-05-2013
7.50 19-03-2013
7.75 29-01-2013
8.00 17-04-2012
8.50 25-10-2011
8.25 16-09-2011
8.00 26-07-2011
7.50 16-06-2011
7.25 03-05-2011
6.75 17-03-2011
6.50 25-01-2011
6.25 02-11-2010
6.00 16-09-2010
5.75 27-07-2010
5.50 02-07-2010
5.25 20-04-2010
5.00 19-03-2010
4.75 21-04-2009
5.00 04-03-2009
5.50 02-01-2009
6.50 08-12-2008
7.50 03-11-2008
8.00 20-10-2008
9.00 29-07-2008
8.50 24-06-2008
8.00 11-06-2008
7.75 30-03-2007
7.50 31-01-2007
7.25 30-10-2006
7.00 25-07-2006
6.75 08-06-2006
6.50 24-01-2006
6.25 26-10-2005
6.00 31-03-2004
7.00 19-03-2003
7.10 07-03-2003
7.50 12-11-2002
8.00 28-03-2002
8.50 07-06-2001
8.75 30-04-2001
9.00 09-03-2001
10.00 06-11-2000
10.25 13-10-2000
13.50 06-09-2000
15.00 30-08-2000
16.00 09-08-2000
10.00 21-07-2000
9.00 13-07-2000
12.25 28-06-2000
12.60 27-06-2000
13.05 23-06-2000
13.00 22-06-2000
13.50 21-06-2000
14.00 20-06-2000
13.50 19-06-2000
10.85 14-06-2000
9.55 13-06-2000
9.25 12-06-2000
9.05 09-06-2000
9.00 07-06-2000
9.05 05-06-2000
* Note: Prior to Oct.
29, 2004, the repo rate was known as the reverse repo rate. For further details, please see the central bank’s website
(Reporting by Siddhi Nayak; Editing by Janane Venkatraman)
