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RBI Raises Repo Rate to 5.50% After Four Years

The Reserve Bank of India’s Monetary Policy Committee has raised the key policy repo rate by 0.25% to 5.50%, marking its first interest rate increase in nearly four years amid broader regional monetary tightening.

Nilakshi Barman | | 2 min read

RBI Raises Repo Rate to 5.50% After Four Years
AI generated image | Minutebrief Team

In Brief

  1. RBI Governor Sanjay Malhotra announced a 0.25% increase in the key policy repo rate, bringing it to 5.50%.
  2. The decision marks the central bank's first rate hike in nearly four years, aligning with monetary policy tightening across major Asian central banks.
  3. The Monetary Policy Committee simultaneously adjusted the Standing Deposit Facility (SDF) rate to 5.25% and the Marginal Standing Facility (MSF) rate to 5.75%.

Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the Monetary Policy Committee (MPC) has decided to raise the benchmark repo rate by 0.25% to 5.50%. The policy adjustment represents the central bank's first interest rate hike in nearly four years, following similar tightening measures initiated by central banks across Asia.

Alongside the repo rate adjustment, the MPC adjusted key liquidity facility rates to maintain financial corridor alignment. The Standing Deposit Facility (SDF) rate was increased to 5.25%, while the Marginal Standing Facility (MSF) rate rose to 5.75%. The rate increases take effect immediately across national banking operations.

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