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MUMBAI, Oct 7 (Reuters) – The Reserve Bank of India raised its benchmark repo rate (INREPO=ECI), by 25 basis points to 5.5% on Wednesday, the first rise in nearly four years, citing mounting inflation concerns and strong economic growth.
The six-member Monetary Policy Committee also shifted its policy stance to “calibrated tightening” from “neutral”.Here is a timeline of changes to India’s benchmark repo rate since June 2000:
| RATE (%) | EFFECTIVE DATE |
| 5.50 | 07-10-2026 |
| 5.25 | 05-08-2026 |
| 5.25 | 05-06-2026 |
| 5.25 | 08-04-2026 |
| 5.25 | 06-02-2026 |
| 5.25 | 05-12-2025 |
| 5.5 | 01-10-2025 |
| 5.5 | 06-08-2025 |
| 5.5 | 06-06-2025 |
| 6 | 09-04-2025 |
| 6.25 | 07-02-2025 |
| 6.5 | 06-12-2024 |
| 6.5 | 09-10-2024 |
| 6.5 | 08-08-2024 |
| 6.5 | 07-06-2024 |
| 6.5 | 05-04-2024 |
| 6.5 | 08-02-2024 |
| 6.5 | 08-12-2023 |
| 6.5 | 06-10-2023 |
| 6.5 | 08-06-2023 |
| 6.5 | 06-04-2023 |
| 6.5 | 08-02-2023 |
| 6.25 | 07-12-2022 |
| 5.9 | 30-09-2022 |
| 5.4 | 05-08-2022 |
| 4.9 | 08-06-2022 |
| 4.4 | 04-05-2022 |
| 4 | 22-05-2020 |
| 4.4 | 27-03-2020 |
| 5.15 | 06-02-2020 |
| 5.15 | 05-12-2019 |
| 5.15 | 04-10-2019 |
| 5.4 | 07-08-2019 |
| 5.75 | 06-06-2019 |
| 6 | 04-04-2019 |
| 6.25 | 07-02-2019 |
| 6.5 | 01-08-2018 |
| 6.25 | 06-06-2018 |
| 6 | 02-08-2017 |
| 6.25 | 04-10-2016 |
| 6.5 | 05-04-2016 |
| 6.75 | 29-09-2015 |
| 7.25 | 02-06-2015 |
| 7.5 | 04-03-2015 |
| 7.75 | 15-01-2015 |
| 8 | 28-01-2014 |
| 7.75 | 29-10-2013 |
| 7.5 | 20-09-2013 |
| 7.25 | 03-05-2013 |
| 7.5 | 19-03-2013 |
| 7.75 | 29-01-2013 |
| 8 | 17-04-2012 |
| 8.5 | 25-10-2011 |
| 8.25 | 16-09-2011 |
| 8 | 26-07-2011 |
| 7.5 | 16-06-2011 |
| 7.25 | 03-05-2011 |
| 6.75 | 17-03-2011 |
| 6.5 | 25-01-2011 |
| 6.25 | 02-11-2010 |
| 6 | 16-09-2010 |
| 5.75 | 27-07-2010 |
| 5.5 | 02-07-2010 |
| 5.25 | 20-04-2010 |
| 5 | 19-03-2010 |
| 4.75 | 21-04-2009 |
| 5 | 04-03-2009 |
| 5.5 | 02-01-2009 |
| 6.5 | 08-12-2008 |
| 7.5 | 03-11-2008 |
| 8 | 20-10-2008 |
| 9 | 29-07-2008 |
| 8.5 | 24-06-2008 |
| 8 | 11-06-2008 |
| 7.75 | 30-03-2007 |
| 7.5 | 31-01-2007 |
| 7.25 | 30-10-2006 |
| 7 | 25-07-2006 |
| 6.75 | 08-06-2006 |
| 6.5 | 24-01-2006 |
| 6.25 | 26-10-2005 |
| 6 | 31-03-2004 |
| 7 | 19-03-2003 |
| 7.1 | 07-03-2003 |
| 7.5 | 12-11-2002 |
| 8 | 28-03-2002 |
| 8.5 | 07-06-2001 |
| 8.75 | 30-04-2001 |
| 9 | 09-03-2001 |
| 10 | 06-11-2000 |
| 10.3 | 13-10-2000 |
| 13.5 | 06-09-2000 |
| 15 | 30-08-2000 |
| 16 | 09-08-2000 |
| 10 | 21-07-2000 |
| 9 | 13-07-2000 |
| 12.3 | 28-06-2000 |
| 12.6 | 27-06-2000 |
| 13.1 | 23-06-2000 |
| 13 | 22-06-2000 |
| 13.5 | 21-06-2000 |
| 14 | 20-06-2000 |
| 13.5 | 19-06-2000 |
| 10.9 | 14-06-2000 |
| 9.55 | 13-06-2000 |
| 9.25 | 12-06-2000 |
| 9.05 | 09-06-2000 |
| 9 | 07-06-2000 |
| 9.05 | 05-06-2000 |
* Note: Prior to October 29, 2004, the repo rate was known as the reverse repo rate.
For further details, please see the central bank’s website,
Reporting by Khushi Malhotra; Editing by Harikrishnan Nair
