The Reserve Bank of India’s (RBI) key policy repo rate was raised by 35 basis points on Wednesday, the fifth increase in the current cycle to tame stubbornly high inflation that has remained above the central bank’s tolerance band for 10 straight months.
The monetary policy committee raised the key lending rate or repo rate to 6.25%.
The standing deposit facility rate and the marginal standing facility rate were also adjusted higher by the same margin.
The reverse repo rate remained unchanged at 3.35%.
For a timeline of changes to the repo rate, click here.
For a timeline of changes to the standing deposit facility rate, click here.
Below is a timeline of changes to India’s reverse repo rate since June 2001.
RATE (%) EFFECTIVE DATE
3.35 22-05-2020
3.75 17-04-2020
4.00 27-03-2020
4.90 06-02-2020
4.90 05-12-2019
4.90 04-10-2019
5.15 07-08-2019
5.50 06-06-2019
5.75 04-04-2019
6.00 07-02-2019
6.25 01-08-2018
6.00 06-06-2018
5.75 02-08-2017
6.00 06-04-2017
5.75 04-10-2016
6.00 05-04-2016
5.75 29-09-2015
6.25 02-06-2015
6.50 04-03-2015
6.75 15-01-2015
7.00 28-01-2014
6.75 29-10-2013
6.50 20-09-2013
6.25 03-05-2013
6.50 19-03-2013
6.75 29-01-2013
7.00 17-04-2012
7.50 25-11-2011
7.25 16-09-2011
7.00 26-07-2011
6.50 16-06-2011
6.25 03-05-2011
5.75 17-03-2011
5.50 25-01-2011
5.25 02-11-2010
5.00 16-09-2010
4.50 27-07-2010
4.00 02-07-2010
3.75 20-04-2010
3.50 19-03-2010
3.25 21-04-2009
3.50 04-03-2009
4.00 02-01-2009
5.00 08-12-2008
6.00 25-07-2006
5.75 08-06-2006
5.50 24-01-2006
5.25 26-10-2005
5.00 29-04-2005
4.75 27-10-2004
4.50 25-08-2003
5.00 03-03-2003
5.50 30-10-2002
5.75 27-06-2002
6.00 05-03-2002
6.50 28-05-2001
6.75 27-04-2001
7.00 02-03-2001
7.50 20-02-2001
* Note: Prior to Oct. 29, 2004, the reverse repo rate was known
as the repo rate. For further details, please see central bank’s
website: www.rbi.org.in
(Compiled by Siddhi Nayak in Mumbai)
