RBI held repo rate at 6.25% · Mar 2026 · What this means for your EMI →
RBI Monetary Policy · India · 2019–2026

RBI Repo Rate
History & Impact

Every RBI rate decision from 2019 to 2026. See how each change affected EMIs and what the current rate means for your loan.

Current Repo Rate: 6.25% · Held at MPC meeting February 2025. RBI maintained its withdrawal of accommodation stance.
Rate history timeline
2026
Feb 20266.00%–25 bps cut
2025
Oct 20256.25%Hold
Aug 20256.25%Hold
Jun 20256.25%Hold
Apr 20256.25%Hold
Feb 20256.25%–25 bps cut
2024
Oct 20246.50%Hold
Aug 20246.50%Hold
Jun 20246.50%Hold
Apr 20246.50%Hold
Feb 20246.50%Hold
2023
Dec 20236.50%Hold
Oct 20236.50%Hold
Aug 20236.50%Hold
Jun 20236.50%Hold
Apr 20236.50%Hold
Feb 20236.50%+25 bps
2022
Dec 20226.25%+35 bps
Sep 20225.90%+50 bps
Aug 20225.40%+50 bps
Jun 20224.90%+50 bps
May 20224.40%+40 bps
2020
May 20204.00%–40 bps
Mar 20204.40%–75 bps emergency
2019
Oct 20195.15%–25 bps
Aug 20195.40%–35 bps
Jun 20195.75%–25 bps
Apr 20196.00%–25 bps
Feb 20196.25%–25 bps
What does this mean for your EMI?
EBLR/RLLR-linked loans: If your home or car loan is linked to the RBI repo rate (EBLR or RLLR), rate changes pass through to your EMI within one quarter. MCLR-linked loans move more slowly. If you're unsure which your loan is on, call your bank and ask.

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