RBI’s policy repo rate was increased by 35 basis points today, the fifth increase in this cycle. (file)
The Reserve Bank of India’s (RBI) key policy repo rate was raised by 35 basis points on Wednesday, the fifth hike in the current cycle to tide over persistently high inflation which has remained above the central bank’s tolerance band for 10 consecutive months. Is.
The Monetary Policy Committee increased the key lending rate or repo rate to 6.25%.
The Standing Deposit Facility rate and the Marginal Standing Facility rate were also further adjusted by the same margin.
The reverse repo rate remained unchanged at 3.35%.
Given below is the timeline of changes in India’s reverse repo rate since June 2001.
Rate (%) Effective Date
3.35 22-05-2020
3.75 17-04-2020
4.00 27-03-2020
4.90 06-02-2020
4.90 05-12-2019
4.90 04-10-2019
5.15 07-08-2019
5.50 06-06-2019
5.75 04-04-2019
6.00 07-02-2019
6.25 01-08-2018
6.00 06-06-2018
5.75 02-08-2017
6.00 06-04-2017
5.75 04-10-2016
6.00 05-04-2016
5.75 29-09-2015
6.25 02-06-2015
6.50 04-03-2015
6.75 15-01-2015
7.00 28-01-2014
6.75 29-10-2013
6.50 20-09-2013
6.25 03-05-2013
6.50 19-03-2013
6.75 29-01-2013
7.00 17-04-2012
7.50 25-11-2011
7.25 16-09-2011
7.00 26-07-2011
6.50 16-06-2011
6.25 03-05-2011
5.75 17-03-2011
5.50 25-01-2011
5.25 02-11-2010
5.00 16-09-2010
4.50 27-07-2010
4.00 02-07-2010
3.75 20-04-2010
3.50 19-03-2010
3.25 21-04-2009
3.50 04-03-2009
4.00 02-01-2009
5.00 08-12-2008
6.00 25-07-2006
5.75 08-06-2006
5.50 24-01-2006
5.25 26-10-2005
5.00 29-04-2005
4.75 27-10-2004
4.50 25-08-2003
5.00 03-03-2003
5.50 30-10-2002
5.75 27-06-2002
6.00 05-03-2002
6.50 28-05-2001
6.75 27-04-2001
7.00 02-03-2001
7.50 20-02-2001
*Note: Prior to October 29, 2004, the reverse repo rate was known as the repo rate. For more information, please visit Central Bank
Website: www.rbi.org.in
(This story has not been edited by NDTV staff and was auto-generated from a syndicated feed.)
featured video of the day
RBI hikes rates marginally by 0.35% to 6.25%, cites slow inflation
