Complete RBI Repo Rate History in India (2000 to 2023)

Updated – 10th August 2023

If you are looking for RBI Repo Rate History or the Historical Repo rates in India (2023), then you are at the right place.

The latest RBI current Repo Rate is 6.50% in India (October 2023) as per the Reserve Bank of India (RBI). This was last increased on 8th February 2023 by 25 basis points (or 25bps).

So that’s your answer to the Current Repo Rate 2023 as it stands at 6.50% (the latest repo rate)

Now let’s take a look at the History of Repo Rates in India. You can even call it the RBI Repo Rate History Chart. we will discuss the repo rate a bit later.

So what is RBI repo rate history?

RBI Repo Rate History (Updated 2023)

Here is the RBI Repo Rate Chart with Repo rates as the dark blue line, and the % changes in rates depicted in orange bars.

And here is a full detailed updated list of RBI Repo Rates in India or the History of Repo rates (2023)

• RBI Repo Rate on 8-Oct-2023 was: 6.50% (RBI Current Repo Rate)
• RBI Repo Rate on 10-Aug-2023 was: 6.50%
• RBI Repo Rate on 08-Jun-2023 was: 6.50%
• RBI Repo Rate on 06-Apr-2023 was: 6.50%
• RBI Repo Rate on 08-Feb-2023 was: 6.50%
• RBI Repo Rate on 07-Dec-2022 was: 6.25%
• RBI Repo Rate on 30-Sep-2022 was: 5.90%
• RBI Repo Rate on 05-Aug-2022 was: 5.40%
• RBI Repo Rate on 08-Jun-2022 was: 4.90%
• RBI Repo Rate on 04-May-2022 was: 4.40%
• RBI Repo Rate on 08-Apr-2022 was: 4%
• RBI Repo Rate on 10-Feb-2022 was: 4%
• RBI Repo Rate on 08-Dec-2021 was: 4%
• RBI Repo Rate on 09-Oct-2021 was: 4%
• RBI Repo Rate on 06-Aug-2021 was: 4%
• RBI Repo Rate on 04-Jun-2021 was: 4%
• RBI Repo Rate on 07-Apr-2021 was: 4%
• RBI Repo Rate on 05-Feb-2021 was: 4%
• RBI Repo Rate on 04-Dec-2020 was: 4%
• RBI Repo Rate on 09-Oct-2020 was: 4%
• RBI Repo Rate on 06-Aug-2020 was: 4%
• RBI Repo Rate on 22-May-2020 was: 4%
• RBI Repo Rate on 27-Mar-2020 was: 4.4%
• RBI Repo Rate on 06-Feb-2020 was: 5.15%
• RBI Repo Rate on 05-Dec-2019 was: 5.15%
• RBI Repo Rate on 04-Oct-2019 was: 5.15%
• RBI Repo Rate on 07-Aug-2019 was: 5.4% R
• BI Repo Rate on 06-Jun-2019 was: 5.75%
• RBI Repo Rate on 04-Apr-2019 was: 6%
• RBI Repo Rate on 07-Feb-2019 was: 6.25%
• RBI Repo Rate on 01-Aug-2018 was: 6.5%
• RBI Repo Rate on 06-Jun-2018 was: 6.25%
• RBI Repo Rate on 07-Feb-2018 was: 6%
• RBI Repo Rate on 02-Aug-2017 was: 6%
• RBI Repo Rate on 04-Oct-2016 was: 6.25%
• RBI Repo Rate on 05-Apr-2016 was: 6.5%
• RBI Repo Rate on 29-Sep-2015 was: 6.75%
• RBI Repo Rate on 02-Jun-2015 was: 7.25%
• RBI Repo Rate on 04-Mar-2015 was: 7.5%
• RBI Repo Rate on 15-Jan-2015 was: 7.75%
• RBI Repo Rate on 28-Jan-2014 was: 8%
• RBI Repo Rate on 29-Oct-2013 was: 7.75%
• RBI Repo Rate on 20-Sep-2013 was: 7.5%
• RBI Repo Rate on 03-May-2013 was: 7.25%
• RBI Repo Rate on 17-Mar-2011 was: 6.75%
• RBI Repo Rate on 25-Jan-2011 was: 6.5%
• RBI Repo Rate on 02-Nov-2010 was: 6.25%
• RBI Repo Rate on 16-Sep-2010 was: 6%
• RBI Repo Rate on 27-Jul-2010 was: 5.75%
• RBI Repo Rate on 02-Jul-2010 was: 5.5%
• RBI Repo Rate on 20-Apr-2010 was: 5.25%
• RBI Repo Rate on 19-Mar-2010 was: 5%
• RBI Repo Rate on 21-Apr-2009 was: 4.75%
• RBI Repo Rate on 05-Mar-2009 was: 5%
• RBI Repo Rate on 05-Jan-2009 was: 5.5%
• RBI Repo Rate on 08-Dec-2008 was: 6.5%
• RBI Repo Rate on 03-Nov-2008 was: 7.5%
• RBI Repo Rate on 20-Oct-2008 was: 8%
• RBI Repo Rate on 30-Jul-2008 was: 9%
• RBI Repo Rate on 25-Jun-2008 was: 8.5%
• RBI Repo Rate on 12-Jun-2008 was: 8%
• RBI Repo Rate on 30-Mar-2007 was: 7.75%
• RBI Repo Rate on 31-Jan-2007 was: 7.5%
• RBI Repo Rate on 30-Oct-2006 was: 7.25%
• RBI Repo Rate on 25-Jul-2006 was: 7%
• RBI Repo Rate on 24-Jan-2006 was: 6.5%
• RBI Repo Rate on 24-Jan-2006 was: 6.5%
• RBI Repo Rate on 26-Oct-2005 was: 6.25%
• RBI Repo Rate on 26-Oct-2005 was: 6.25%
• RBI Repo Rate on 31-Mar-2004 was: 6%
• RBI Repo Rate on 19-Mar-2003 was: 7%
• RBI Repo Rate on 07-Mar-2003 was: 7.1%
• RBI Repo Rate on 12-Nov-2002 was: 7.5%
• RBI Repo Rate on 28-Mar-2002 was: 8%
• RBI Repo Rate on 07-Jun-2001 was: 8.5%
• RBI Repo Rate on 30-Apr-2001 was: 8.75%
• RBI Repo Rate on 09-Mar-2001 was: 9%
• RBI Repo Rate on 06-Nov-2000 was: 10%
• RBI Repo Rate on 13-Oct-2000 was: 10.25%
• RBI Repo Rate on 06-Sep-2000 was: 13.5%
• RBI Repo Rate on 30-Aug-2000 was: 15%
• RBI Repo Rate on 09-Aug-2000 was: 16%
• RBI Repo Rate on 21-Jul-2000 was: 10%
• RBI Repo Rate on 13-Jul-2000 was: 9%
• RBI Repo Rate on 28-Jun-2000 was: 12.25%
• RBI Repo Rate on 27-Jun-2000 was: 12.6%
• RBI Repo Rate on 23-Jun-2000 was: 13.05%
• RBI Repo Rate on 22-Jun-2000 was: 13%
• RBI Repo Rate on 21-Jun-2000 was: 13.5%
• RBI Repo Rate on 20-Jun-2000 was: 14%
• RBI Repo Rate on 19-Jun-2000 was: 13.5%
• RBI Repo Rate on 14-Jun-2000 was: 10.85%
• RBI Repo Rate on 13-Jun-2000 was: 9.55%
• RBI Repo Rate on 12-Jun-2000 was: 9.25%
• RBI Repo Rate on 09-Jun-2000 was: 9.05%
• RBI Repo Rate on 07-Jun-2000 was: 9%
• RBI Repo Rate on 05-Jun-2000 was: 9.05%

So that is all the updates of RBI repo rates in India from 2000 to 2023.

What is the REPO Rate?

Repo rate (or Repurchase Rate) is the interest rate at which the Reserve Bank of India (or RBI) lends money for the short-term to the Indian banks.

Banks need to borrow from RBI to maintain liquidity and as and when they face a shortage of funds. In general, RBI uses the repo rates to control inflation in India by controlling the flow of money in the economy, though it is not just about that.

A high repo rate means that the banks which borrow from RBI will have to pay higher interest to RBI. This discourages banks from borrowing (at least theoretically), and this, in turn, reduces the supply of money in the economy, thereby controlling inflation indirectly. So that is in a way, the relationship between inflation and repo rates in India.

On the other hand, a low repo rate means that the banks which borrow from RBI will have to pay lower interest to RBI. This encourages banks to borrow and increase the supply of money in the economy, thereby fuelling demand and growth.

So that was about the RBI Current repo rate as well as the detailed RBI Repo Rate History 2023 in India. I hope you now have a fair idea of how RBI has been changing the historical repo rates in India in the past 20-25 years.