MUMBAI, Dec 5 (Reuters) – The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday, in line with a consensus view, as record low retail inflation and a benign outlook for prices provided ample room to further support economic growth.
The Monetary Policy Committee (MPC), comprising three RBI officials and three external members, unanimously voted to reduce the repo rate to 5.25%, while maintaining a “neutral” policy stance.
Governor Sanjay Malhotra raised India’s real GDP growth forecast for financial year 2026 to 7.3% from 6.8%, while lowering the nation’s inflation outlook to 2% from 2.6% in the previous policy for the financial year.
Here is a timeline of changes to India’s repo rate since June 2000.
*RATE (%) EFFECTIVE DATE
5.25 05-12-2025
5.50 01-10-2025
5.50 06-08-2025
5.50 06-06-2025
6.00 09-04-2025
6.25 07-02-2025
6.50 06-12-2024
6.50 09-10-2024
6.50 08-08-2024
6.50 07-06-2024
6.50 05-04-2024
6.50 08-02-2024
6.50 08-12-2023
6.50 06-10-2023
6.50 08-06-2023
6.50 06-04-2023
6.50 08-02-2023
6.25 07-12-2022
5.90 30-09-2022
5.40 05-08-2022
4.90 08-06-2022
4.40 04-05-2022
4.00 22-05-2020
4.40 27-03-2020
5.15 06-02-2020
5.15 05-12-2019
5.15 04-10-2019
5.40 07-08-2019
5.75 06-06-2019
6.00 04-04-2019
6.25 07-02-2019
6.50 01-08-2018
6.25 06-06-2018
6.00 02-08-2017
6.25 04-10-2016
6.50 05-04-2016
6.75 29-09-2015
7.25 02-06-2015
7.50 04-03-2015
7.75 15-01-2015
8.00 28-01-2014
7.75 29-10-2013
7.50 20-09-2013
7.25 03-05-2013
7.50 19-03-2013
7.75 29-01-2013
8.00 17-04-2012
8.50 25-10-2011
8.25 16-09-2011
8.00 26-07-2011
7.50 16-06-2011
7.25 03-05-2011
6.75 17-03-2011
6.50 25-01-2011
6.25 02-11-2010
6.00 16-09-2010
5.75 27-07-2010
5.50 02-07-2010
5.25 20-04-2010
5.00 19-03-2010
4.75 21-04-2009
5.00 04-03-2009
5.50 02-01-2009
6.50 08-12-2008
7.50 03-11-2008
8.00 20-10-2008
9.00 29-07-2008
8.50 24-06-2008
8.00 11-06-2008
7.75 30-03-2007
7.50 31-01-2007
7.25 30-10-2006
7.00 25-07-2006
6.75 08-06-2006
6.50 24-01-2006
6.25 26-10-2005
6.00 31-03-2004
7.00 19-03-2003
7.10 07-03-2003
7.50 12-11-2002
8.00 28-03-2002
8.50 07-06-2001
8.75 30-04-2001
9.00 09-03-2001
10.00 06-11-2000
10.25 13-10-2000
13.50 06-09-2000
15.00 30-08-2000
16.00 09-08-2000
10.00 21-07-2000
9.00 13-07-2000
12.25 28-06-2000
12.60 27-06-2000
13.05 23-06-2000
13.00 22-06-2000
13.50 21-06-2000
14.00 20-06-2000
13.50 19-06-2000
10.85 14-06-2000
9.55 13-06-2000
9.25 12-06-2000
9.05 09-06-2000
9.00 07-06-2000
9.05 05-06-2000
* Note: Prior to Oct. 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 Janane Venkatraman)
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