India interest rate: Reserve Bank of India policy rate
The Reserve Bank of India policy rate is 5.50%, in force since Oct 7, 2026. Source: Bank for International Settlements, data to Oct 19, 2026. Raised from 5.25% on Oct 7, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Oct 7, 2026 | 5.50% | +0.25 |
| Dec 5, 2025 | 5.25% | -0.25 |
| Jun 6, 2025 | 5.50% | -0.50 |
| Apr 9, 2025 | 6.00% | -0.25 |
| Feb 7, 2025 | 6.25% | -0.25 |
| Feb 8, 2023 | 6.50% | +0.25 |
| Dec 7, 2022 | 6.25% | +0.35 |
| Sep 30, 2022 | 5.90% | +0.50 |
| Aug 5, 2022 | 5.40% | +0.50 |
| Jun 8, 2022 | 4.90% | +0.50 |
| May 4, 2022 | 4.40% | +0.40 |
| May 22, 2020 | 4.00% | -0.40 |
| Mar 27, 2020 | 4.40% | -0.75 |
| Oct 5, 2019 | 5.15% | -0.25 |
| Aug 8, 2019 | 5.40% | -0.35 |
| Jun 7, 2019 | 5.75% | -0.25 |
| Apr 4, 2019 | 6.00% | -0.25 |
| Feb 8, 2019 | 6.25% | -0.25 |
| Aug 1, 2018 | 6.50% | +0.25 |
| Jun 6, 2018 | 6.25% | +0.25 |
| Aug 2, 2017 | 6.00% | -0.25 |
| Oct 4, 2016 | 6.25% | -0.25 |
| Apr 5, 2016 | 6.50% | -0.25 |
| Jan 1, 2016 | 6.75% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in India?
The Reserve Bank of India policy rate is 5.50% (since Oct 7, 2026).
When did the Reserve Bank of India last change its policy rate?
On Oct 7, 2026, from 5.25% to 5.50%.
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