RBI Repo Rate
Latest reading: 5.25 % for 62nd MPC meeting, 3-5 Aug 2026 (0.00 pp (unchanged)).
RBI Repo Rate
The rate at which the RBI lends overnight to banks against government securities. The benchmark policy rate that anchors all other lending rates in the system.
What it means
The rate at which the RBI lends overnight to banks against government securities. The benchmark policy rate that anchors all other lending rates in the system.
Unanimous 6-0 hold; fourth consecutive pause. SDF 5.00%, MSF and Bank Rate 5.50%, stance neutral. Next MPC scheduled 5-7 Oct 2026 with the resolution on 7 Oct. RBI press release listing page returns stale cached content; verify the resolution URL before publishing.
Release details
- Category
- MONETARY
- Frequency
- MPC
- Previous
- 5.25
- Benchmark
- RBI inflation target: 4% ±2%
- Released
- 2026-08-05
- Next release
- 2026-10-07
- Source
- RBI — Monetary Policy Committee Resolution
Key questions about RBI Repo Rate
What is the RBI repo rate and who decides it?
The repo rate is the interest rate at which the Reserve Bank of India lends overnight funds to commercial banks against government securities. It is set by the six-member Monetary Policy Committee (MPC), which meets roughly every two months and decides by majority vote, with the RBI Governor holding a casting vote in a tie.
How does a repo rate change affect my home loan EMI?
Most Indian floating-rate retail loans are linked to an External Benchmark Lending Rate (EBLR) built on the repo rate plus a fixed bank spread. When the repo rate moves, the benchmark moves with it, and your rate resets — usually within three months. Banks typically hold the EMI steady and change the tenure, unless you specifically ask for an EMI reduction.
What is the difference between the repo rate, SDF and MSF?
The repo rate is the policy anchor. The Standing Deposit Facility (SDF), set 25 basis points below the repo rate, is the floor where banks park surplus funds with the RBI. The Marginal Standing Facility (MSF), 25 basis points above the repo rate, is the emergency ceiling where banks borrow against their statutory reserves. Together they form the liquidity adjustment corridor.
How often does the RBI review the repo rate?
The Monetary Policy Committee is required to meet at least four times a year, and in practice holds six scheduled bi-monthly meetings each financial year. Each meeting runs over three days and ends with a resolution, the vote split, and updated inflation and growth projections.
What is the current RBI Repo Rate?
RBI Repo Rate stands at 5.25 % for 62nd MPC meeting, 3-5 Aug 2026, against 5.25 % previously (0.00 pp (unchanged)). The rate at which the RBI lends overnight to banks against government securities. The benchmark policy rate that anchors all other lending rates in the system.
Who publishes the RBI Repo Rate data?
RBI Repo Rate is published by RBI — Monetary Policy Committee Resolution on a mpc basis. Release window: After each RBI MPC meeting (bimonthly). The next update is expected on 2026-10-07.
What is a healthy level for RBI Repo Rate?
The reference benchmark used on MacroNest is: RBI inflation target: 4% ±2%. The latest reading of 5.25 % is currently assessed as "Neutral stance, extended pause".
Why does RBI Repo Rate matter?
Monetary indicators set the price of money in the economy and flow through to deposit rates, floating-rate loan EMIs and bond yields. The rate at which the RBI lends overnight to banks against government securities. The benchmark policy rate that anchors all other lending rates in the system.