Reserve Bank of India, via BIS

India repo rate

View country page: India

5.25%

-0.25 pp last change ()

As of | Daily (policy rate; changes on decision days)

Mean
6.88%
Median
6.50%
Min
3.00%
Max
12.00%
DateRate
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.50
5.50
5.50
5.50
5.50
5.50
6.00
6.00
6.25
6.25
6.50
6.50
6.50
6.50

About the repo rate

Reserve Bank of India repo rate, from the BIS policy-rate data set (WS_CBPOL, IN). Current: 5.25% on Sep 20, 2026. Since 2001 this is the overnight repo rate; earlier years are the Bank Rate.

The chart is a step at policy changes. From Jan 1, 1946 to Sep 20, 2026 (29,483 observations): mean 6.88%, median 6.50%; low 3.00% (Jan 1, 1946), high 12.00% (Oct 9, 1991). Not a mortgage or deposit rate. This page is not an official BIS publication.

Source: BIS central bank policy rates (WS_CBPOL), India daily. Licence: BIS statistics: unrestricted reuse with attribution; inclusion must not add a charge to users. This page is not an official BIS publication (terms). Files: data/raw/bis-in-policy.json.

Reading the figures

The repo rate is the rate at which the Reserve Bank of India lends to banks against government securities. The current framework follows Monetary Policy Committee decisions; earlier parts of the BIS history use different policy instruments.

Read the latest value together with its observation date. The change compares it with the previous observation; when a policy rate is unchanged, the last actual move is shown where available. Percentage points measure the difference between two rates; a percentage change measures that difference relative to the earlier value. The summary statistics describe the history used on this page, not a forecast or a separate official aggregate.

The chart and table present the same series, with the newest table entries first. Range controls filter the chart without changing the data or recalculating the summary statistics. Explore enables zoom and pan. A policy rate, a market benchmark and a retail survey average are different measures; none is a personal loan or deposit offer.

About these rates

The EFFR measures unsecured overnight funding in US dollars. Since the observation for 1 March 2016, it has been a volume-weighted median; earlier observations used a volume-weighted mean. It is a market rate, distinct from the FOMC’s policy target range. This page’s latest value uses daily DFF; its long history and summary statistics use monthly FEDFUNDS, beginning in 1954.

This page brings together central-bank policy rates, overnight market benchmarks such as SONIA, €STR and CORRA, and New Zealand lending and deposit rates from RBNZ surveys. These measures serve different purposes and are not interchangeable. Each series links to its history, definition, source and licence.

Choosing a country changes the order of the series, not their values or coverage. Euro-area countries share the ECB series; the site does not create national policy rates for them. Figures come from official files and are republished without alteration. Missing data is not estimated. Retail lending and deposit rates are available only for New Zealand. Readings may lag their source and are not financial advice.