The monetary policy committee raised the key lending rate or repo rate to 6.25%.
The standing deposit facility rate and the marginal standing facility rate were also adjusted higher by the same margin.
The reverse repo rate remained unchanged at 3.35%.
Below is a timeline of changes to India's standing deposit facility rate since April 2022.
*RATE (%) EFFECTIVE DATE
6.00 07-12-2022
5.65 30-09-2022
5.15 05-08-2022
4.65 08-06-2022
4.15 04-05-2022
3.75 08-04-2022
(Compiled by Siddhi Nayak)