Reserve Bank of India — Current Policy Rate
5.25%
Current RBI Repo Rate
Decided at 61st MPC Meeting · June 2026 (61st MPC) · Unchanged · Neutral Stance
Next MPC Meeting — August 4-6, 2026
The next Monetary Policy Committee meeting is scheduled for August 4-6, 2026. A rate cut is possible if West Asia conflict eases and crude prices stabilize.
📊 RBI Repo Rate History — Last 3 Years
| MPC Meeting | Repo Rate | Change | Stance |
|---|---|---|---|
| June 2026 (61st MPC) | 5.25% | ⏸ No Change | Neutral |
| April 2026 (60th MPC) | 5.25% | ⏸ No Change | Neutral |
| February 2026 (59th MPC) | 5.25% | ⬇️ -0.25% | Neutral |
| December 2025 (58th MPC) | 5.50% | ⬇️ -0.25% | Neutral |
| October 2025 (57th MPC) | 5.75% | ⏸ No Change | Neutral |
| August 2025 (56th MPC) | 5.75% | ⬇️ -0.25% | Accommodative |
| June 2025 (55th MPC) | 6.00% | ⬇️ -0.25% | Accommodative |
| April 2025 (54th MPC) | 6.25% | ⬇️ -0.25% | Neutral |
| February 2025 (53rd MPC) | 6.50% | ⬇️ -0.25% | Neutral |
| December 2024 (52nd MPC) | 6.75% | ⬇️ -0.25% | Neutral |
| October 2024 (51st MPC) | 6.75% | ⏸ No Change | Withdrawal |
| August 2024 (50th MPC) | 6.50% | ⏸ No Change | Withdrawal |
| June 2024 | 6.50% | ⏸ No Change | Withdrawal |
* Historical rates may vary. Always verify with RBI official portal.
🏠 How Repo Rate Affects You
🏠
Home Loan Borrowers
Repo rate at 5.25% means home loan rates are around 8.5-9.5%. EMIs remain stable until next MPC change.
🏦
Fixed Deposit Holders
FD rates remain stable. Good time to lock in current rates for 1-3 year tenure.
🏭
Business / MSME
No additional borrowing cost. However, high energy and input costs continue due to West Asia conflict.
📈
Equity Investors
June 2026 MPC held rates steady at 5.25%. Market now watching August 4-6, 2026 MPC — a rate cut is possible if inflation stays within the 2-6% band.
❓ Frequently Asked Questions
Q: What is the current RBI repo rate in 2026?
A: The current RBI repo rate is 5.25% as decided in the 61st MPC meeting held June 4-6, 2026. The rate has been unchanged since the February 2026 MPC meeting when RBI cut rates by 25 bps.
Q: When is the next RBI MPC meeting in 2026?
A: The next RBI Monetary Policy Committee (MPC) meeting is scheduled for August 4-6, 2026. The decision will be announced on the last day of the meeting.
Q: Did RBI cut repo rate in June 2026?
A: No. RBI kept the repo rate unchanged at 5.25% in the June 2026 (61st MPC) meeting. The MPC maintained a Neutral stance. The next opportunity for a rate cut is the August 4-6, 2026 MPC meeting.
Q: What is the difference between repo rate and reverse repo rate?
A: Repo rate is the rate at which RBI lends money to commercial banks. The Standing Deposit Facility (SDF) rate has replaced the reverse repo rate — currently at 5.00%, at which banks park excess funds with RBI.
Q: How does repo rate affect home loan EMI?
A: When RBI increases repo rate, banks increase their lending rates, making home loans expensive. When repo rate decreases, home loan rates fall and EMIs reduce. With repo rate at 5.25%, home loan rates are approximately 8.5-9.5%.
📚 Related RBI Updates
Last updated: June 2026 (61st MPC) · Source: RBI Press Releases · Not financial advice