In June 2023, the repo rate set by Reserve Bank of India stood at 6.5 percent. In May 2022, the repo rate was 4.4 percent after which it spiked continuously.
The repo rate is defined as the rate at which the central bank of a country, in this case the Reserve Bank of India (RBI), lends money to commercial banks in case of lack of funds.
Repo rate of the Reserve Bank of India (RBI) from January 2014 to June 2023
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BankBazaar. (March 20, 2024). Repo rate of the Reserve Bank of India (RBI) from January 2014 to June 2023 [Graph]. In Statista. Retrieved April 19, 2025, from https://www.statista.com/statistics/717387/india-reserve-bank-repo-rate-annual-percentage-change/
BankBazaar. "Repo rate of the Reserve Bank of India (RBI) from January 2014 to June 2023." Chart. March 20, 2024. Statista. Accessed April 19, 2025. https://www.statista.com/statistics/717387/india-reserve-bank-repo-rate-annual-percentage-change/
BankBazaar. (2024). Repo rate of the Reserve Bank of India (RBI) from January 2014 to June 2023. Statista. Statista Inc.. Accessed: April 19, 2025. https://www.statista.com/statistics/717387/india-reserve-bank-repo-rate-annual-percentage-change/
BankBazaar. "Repo Rate of The Reserve Bank of India (Rbi) from January 2014 to June 2023." Statista, Statista Inc., 20 Mar 2024, https://www.statista.com/statistics/717387/india-reserve-bank-repo-rate-annual-percentage-change/
BankBazaar, Repo rate of the Reserve Bank of India (RBI) from January 2014 to June 2023 Statista, https://www.statista.com/statistics/717387/india-reserve-bank-repo-rate-annual-percentage-change/ (last visited April 19, 2025)
Repo rate of the Reserve Bank of India (RBI) from January 2014 to June 2023 [Graph], BankBazaar, March 20, 2024. [Online]. Available: https://www.statista.com/statistics/717387/india-reserve-bank-repo-rate-annual-percentage-change/