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RBI Rate Tracker

Current RBI policy rates, historical repo rate changes, and impact on your home loan, FD, and investments. Updated after each MPC meeting.

update April 2026 trending_down Rate Cut Cycle history Rate History

Current RBI Policy Rates (April 2026)

Repo Rate
6% -0.25% (Apr 2026)
Rate at which RBI lends to commercial banks
Reverse Repo Rate
3.35% 0% (May 2022)
Rate at which RBI borrows from commercial banks
SDF Rate
5.75% -0.25% (Apr 2026)
Standing Deposit Facility rate (25 bps below repo)
MSF Rate
6.25% -0.25% (Apr 2026)
Marginal Standing Facility rate (25 bps above repo)
Bank Rate
6.25% -0.25% (Apr 2026)
Same as MSF rate since 2012
CRR
4% 0% (Dec 2023)
Cash Reserve Ratio — % of deposits banks must keep with RBI
SLR
18% 0% (Apr 2020)
Statutory Liquidity Ratio — % held in liquid assets
CPI Inflation Target
4% 0% (Ongoing)
RBI flexible inflation target (±2% band: 2%–6%)
calculate Rate Change Impact on Your EMI
Loan Outstanding
₹
Remaining Tenure
years
Current Interest Rate
%
New Rate (after RBI cut)
%

Repo Rate History

Date Action Change Repo Rate
Apr 2026 ↓ CUT -0.25% 6%
Feb 2026 ↓ CUT -0.25% 6.25%
Oct 2025 → HOLD — 6.5%
Aug 2025 → HOLD — 6.5%
Jun 2025 → HOLD — 6.5%
Apr 2025 → HOLD — 6.5%
Feb 2025 → HOLD — 6.5%
Dec 2024 → HOLD — 6.5%
Oct 2024 → HOLD — 6.5%
Aug 2024 → HOLD — 6.5%
Jun 2024 → HOLD — 6.5%
Apr 2024 → HOLD — 6.5%
Feb 2024 → HOLD — 6.5%
Dec 2023 → HOLD — 6.5%
Oct 2023 → HOLD — 6.5%
Aug 2023 → HOLD — 6.5%
Jun 2023 → HOLD — 6.5%
Apr 2023 → HOLD — 6.5%
Feb 2023 ↑ HIKE +0.25% 6.5%
Dec 2022 ↑ HIKE +0.35% 6.25%
Sep 2022 ↑ HIKE +0.5% 5.9%
Aug 2022 ↑ HIKE +0.5% 5.4%
Jun 2022 ↑ HIKE +0.5% 4.9%
May 2022 ↑ HIKE +0.4% 4.4%
May 2020 ↓ CUT -0.4% 4%
Mar 2020 ↓ CUT -0.75% 4.4%
home Home Loans

Floating-rate home loans are linked to RLLR/MCLR. A 0.25% rate cut reduces EMI on ₹50L/20yr loan by ~₹800/month. Ask your bank to reduce rate after MPC cut.

savings FD Rates

Banks typically reduce FD rates 1–3 months after an RBI rate cut. Lock in current high FD rates for 1–3 years before rates fall further.

show_chart Equity Markets

Rate cuts are generally positive for equity markets as they reduce cost of borrowing for companies and make stocks more attractive vs fixed income.

account_balance Debt Funds

Rate cuts increase bond prices, benefiting debt mutual fund investors. Long-duration and gilt funds perform especially well in a rate-cutting cycle.

Data updated after RBI MPC meeting in April 2026. RBI typically holds 6 MPC meetings per year. Next MPC meeting: June 2026.