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%.
For a timeline of changes to the repo rate, click here.
For a timeline of changes to the standing deposit facility rate, click here.
Below is a timeline of changes to India's reverse repo rate since June 2001.
RATE (%) EFFECTIVE DATE
3.35 22-05-2020
3.75 17-04-2020
4.00 27-03-2020
4.90 06-02-2020
4.90 05-12-2019
4.90 04-10-2019
5.15 07-08-2019
5.50 06-06-2019
5.75 04-04-2019
6.00 07-02-2019
6.25 01-08-2018
6.00 06-06-2018
5.75 02-08-2017
6.00 06-04-2017
5.75 04-10-2016
6.00 05-04-2016
5.75 29-09-2015
6.25 02-06-2015
6.50 04-03-2015
6.75 15-01-2015
7.00 28-01-2014
6.75 29-10-2013
6.50 20-09-2013
6.25 03-05-2013
6.50 19-03-2013
6.75 29-01-2013
7.00 17-04-2012
7.50 25-11-2011
7.25 16-09-2011
7.00 26-07-2011
6.50 16-06-2011
6.25 03-05-2011
5.75 17-03-2011
5.50 25-01-2011
5.25 02-11-2010
5.00 16-09-2010
4.50 27-07-2010
4.00 02-07-2010
3.75 20-04-2010
3.50 19-03-2010
3.25 21-04-2009
3.50 04-03-2009
4.00 02-01-2009
5.00 08-12-2008
6.00 25-07-2006
5.75 08-06-2006
5.50 24-01-2006
5.25 26-10-2005
5.00 29-04-2005
4.75 27-10-2004
4.50 25-08-2003
5.00 03-03-2003
5.50 30-10-2002
5.75 27-06-2002
6.00 05-03-2002
6.50 28-05-2001
6.75 27-04-2001
7.00 02-03-2001
7.50 20-02-2001
* Note: Prior to Oct. 29, 2004, the reverse repo rate was known
as the repo rate. For further details, please see central bank's
website: www.rbi.org.in
(Compiled by Siddhi Nayak in Mumbai)