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Repo rate interest rate

The RBI repo rate is 5.5% after the 7 October 2026 decision, up from 5.25%. What it means for your home loan EMI and FD rates, with full history.

Since 7 October 2026Best for: Knowing where loan and deposit rates are headingChecked 21 October 2026
Current rate5.5%a year · set by the rbi's monetary policy committee
In effect since7 October 2026Previous 5.25% · +0.25%
₹50 lakh, 20-year home loan+₹788 a monthif your loan rate rises by the same 0.25%, from 8.25% to 8.5%

Rate history

Every change since 8 February 2023. Reserve Bank of India, about every two months.

In effect fromRateChange
7 October 2026Current5.5%+0.25%
5 December 20255.25%−0.25%
6 June 20255.5%−0.5%
9 April 20256.0%−0.25%
7 February 20256.25%−0.25%
8 February 20236.5%–
The next Monetary Policy Committee meeting is in December 2026; the RBI publishes the exact dates on its website.

Key facts

Set by
The RBI's six-member Monetary Policy Committee
Stance
Calibrated tightening
Related rates
Standing deposit facility 5.25%, marginal standing facility 5.75%
Affects
Home loans linked to the repo rate at their next reset, and FD rates over time

Run your numbers

Other rates

All interest rates →

About the Repo rate rate

How the rate is set

The RBI's six-member Monetary Policy Committee sets the repo rate, the rate at which banks borrow short-term from the RBI. It meets about every two months to balance inflation and growth.

Most new home loans are linked to the repo rate, so a change reaches your EMI at the loan's next reset. Fixed deposit rates usually follow with a lag.

Open the Home loan EMI calculatorEMI and interest outgo for your home loan. Uses the current rate by default.Open the calculator

Frequently asked questions

What is the current Repo rate interest rate?

5.5% (Since 7 October 2026). It has applied since 7 October 2026.

When will the Repo rate rate change next?

The next Monetary Policy Committee meeting is in December 2026; the RBI publishes the exact dates on its website.

What was the previous Repo rate rate?

5.25%, from 5 December 2025 until 7 October 2026.

Does a rate change apply to my existing Repo rate?

Only loans linked to an external benchmark such as the repo rate move automatically, at their next reset date. Fixed-rate loans and existing FDs do not change.

Sources