Here are the highlights of the RBI’s monetary policy. Short-term lending rate (repo) unchanged at 5.5%
1. The MPC unanimously decided to keep policy rate unchanged
2. Governor says domestic growth remains resilient, broadly evolving
3. Impact of 100 bps rate cut since Feb on the economy still unfolding
4. RBI to standardise claim settlement procedure in bank accounts and lockers of deceased bank customers
5. RBI Retail-Direct platform to enable SIP in treasury bills
Next meeting of MPC scheduled from Sep 29 to Oct 1, 2025
The Reserve Bank of India (RBI) has progressively reduced the repo rate over the past few months, as outlined below:
| Effective Date | Repo Rate | Change |
|---|---|---|
| 6 June 2025 | 5.50% | ↓ 0.50% |
| 9 April 2025 | 6.00% | ↓ 0.25% |
| 7 February 2025 | 6.25% | ↓ 0.25% |
| 6 December 2024 | 6.50% | --- |
This indicates a total repo rate cut of 1.00% since December 2024.
Note: If your lending rate has not been revised downward in line with these repo cuts, it may be time to evaluate your lender’s rate transmission or consider refinancing options.
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