{
  "id": "trd-repo-046",
  "question": "What is the RBI's repo rate?",
  "topic": "Trade & money",
  "unit": "%",
  "decimals": 2,
  "measures": "The policy repo rate: the rate at which the RBI provides overnight funds to banks under its liquidity adjustment facility (LAF), set by the Monetary Policy Committee (MPC). Each point is a change in the rate, dated by the month it took effect, from October 2016; the rate stayed where it was between points, so the points are not evenly spaced in time.",
  "verified": true,
  "source": {
    "name": "RBI, Monetary Policy Statements (MPC resolutions); RBI, Handbook of Statistics on the Indian Economy 2025-26, Table 40: Major Monetary Policy Rates",
    "url": "https://www.rbi.org.in/Scripts/Annualpolicy.aspx",
    "table": "HBS 2025-26 Table 40, Fix Range LAF Rates: Repo (col. 3); MPC resolution of 7 Oct 2026",
    "licence": "RBI website terms of use"
  },
  "released": "2026-10-07",
  "retrieved": "2026-10-18",
  "nextDueBy": null,
  "processing": "Copied as published.",
  "exam": {
    "publisher": "Reserve Bank of India, Monetary Policy Committee",
    "survey": "Monetary Policy Statements (MPC resolutions); Handbook of Statistics on the Indian Economy 2025-26, Table 40",
    "frequency": "Set at MPC meetings, six a year",
    "measures": "The policy repo rate: the rate at which the RBI provides overnight funds to banks under the liquidity adjustment facility",
    "notes": [
      "The MPC has six members: three from the RBI including the Governor, who chairs it and has a casting vote, and three appointed by the central government (RBI Act, 1934, as amended in 2016).",
      "The standing deposit facility (SDF) rate is the floor of the policy corridor and the marginal standing facility (MSF) rate, equal to the Bank Rate, its ceiling.",
      "The MPC sets the repo rate to meet the inflation target fixed by the central government in terms of CPI inflation."
    ]
  },
  "targets": [],
  "values": [
    {
      "period": "Oct 2016",
      "start": "2016-10",
      "end": "2016-10",
      "value": 6.25
    },
    {
      "period": "Aug 2017",
      "start": "2017-08",
      "end": "2017-08",
      "value": 6
    },
    {
      "period": "Jun 2018",
      "start": "2018-06",
      "end": "2018-06",
      "value": 6.25
    },
    {
      "period": "Aug 2018",
      "start": "2018-08",
      "end": "2018-08",
      "value": 6.5
    },
    {
      "period": "Feb 2019",
      "start": "2019-02",
      "end": "2019-02",
      "value": 6.25
    },
    {
      "period": "Apr 2019",
      "start": "2019-04",
      "end": "2019-04",
      "value": 6
    },
    {
      "period": "Jun 2019",
      "start": "2019-06",
      "end": "2019-06",
      "value": 5.75
    },
    {
      "period": "Aug 2019",
      "start": "2019-08",
      "end": "2019-08",
      "value": 5.4
    },
    {
      "period": "Oct 2019",
      "start": "2019-10",
      "end": "2019-10",
      "value": 5.15
    },
    {
      "period": "Mar 2020",
      "start": "2020-03",
      "end": "2020-03",
      "value": 4.4
    },
    {
      "period": "May 2020",
      "start": "2020-05",
      "end": "2020-05",
      "value": 4
    },
    {
      "period": "May 2022",
      "start": "2022-05",
      "end": "2022-05",
      "value": 4.4
    },
    {
      "period": "Jun 2022",
      "start": "2022-06",
      "end": "2022-06",
      "value": 4.9
    },
    {
      "period": "Aug 2022",
      "start": "2022-08",
      "end": "2022-08",
      "value": 5.4
    },
    {
      "period": "Sep 2022",
      "start": "2022-09",
      "end": "2022-09",
      "value": 5.9
    },
    {
      "period": "Dec 2022",
      "start": "2022-12",
      "end": "2022-12",
      "value": 6.25
    },
    {
      "period": "Feb 2023",
      "start": "2023-02",
      "end": "2023-02",
      "value": 6.5
    },
    {
      "period": "Feb 2025",
      "start": "2025-02",
      "end": "2025-02",
      "value": 6.25
    },
    {
      "period": "Apr 2025",
      "start": "2025-04",
      "end": "2025-04",
      "value": 6
    },
    {
      "period": "Jun 2025",
      "start": "2025-06",
      "end": "2025-06",
      "value": 5.5
    },
    {
      "period": "Dec 2025",
      "start": "2025-12",
      "end": "2025-12",
      "value": 5.25
    },
    {
      "period": "Oct 2026",
      "start": "2026-10",
      "end": "2026-10",
      "value": 5.5
    }
  ],
  "page": "https://india.tf/c/trd-repo-046/",
  "csv": "https://india.tf/c/trd-repo-046/data.csv",
  "versions": "https://india.tf/c/trd-repo-046/versions.csv"
}