The RBI Interest Rate Decision is made by the Bank's Monetary Policy Committee six times a year. The basic rate, or repo, is the interest rate at which the RBI issues short-term loans to Indian commercial banks. If the announced repo rate is higher than expected, this can be seen as positive for the Indian rupee. A lower than expected rate can have a negative effect on the INR quotes.
Reserve Bank of India Interest Rate Decision
Last release
08 Apr 2026 04:30 GMT
Actual
5.25%
Forecast
—
Previous
5.25%
Next release
05 Jun 2026 04:30 GMT
Actual
Coming in 38 days
Forecast
—
Previous
5.25%
Date (GMT)
Reference
Actual
Forecast
Previous
04 Oct 2019
5.15%
—
5.40%
07 Aug 2019
5.40%
—
5.75%
06 Jun 2019
5.75%
—
6.00%
04 Apr 2019
6.00%
—
6.25%
07 Feb 2019
6.25%
—
6.50%
05 Dec 2018
6.50%
—
6.50%
05 Oct 2018
6.50%
—
6.50%
01 Aug 2018
6.50%
—
6.25%
06 Jun 2018
6.25%
—
6.00%
05 Apr 2018
6.00%
—
6.00%
07 Feb 2018
6.00%
—
6.00%
06 Dec 2017
6.00%
—
6.00%
04 Oct 2017
6.00%
—
6.00%
02 Aug 2017
6.00%
—
6.25%
07 Jun 2017
6.25%
—
6.25%
06 Apr 2017
6.25%
—
6.25%
08 Feb 2017
6.25%
—
6.25%
07 Dec 2016
6.25%
—
6.25%
04 Oct 2016
6.25%
—
6.50%
09 Aug 2016
6.50%
—
6.50%