RBI Repo Rate Today

The Reserve Bank of India's repo rate is 5.50%. The RBI last raised it by 0.25 point, with effect from 7 October 2026. Indian inflation was 4.4% (in the 12 months to July 2026), so the real repo rate is 1.06%. Silver in rupees is down 12.8% since that decision. Next decision: Friday 4 December 2026.

RBI repo rate

5.50%

+25 bp from Oct 7, 2026

Indian inflation

4.4%

Jul 2026 · real rate 1.06%

Next decision

Fri 4 Dec

10:00 am IST · in 38 days

Silver in INR since last move

−12.8%

₹165,329/kg · $1 = ₹95.16

RBI repo rate and silver in INR since 2000

weekly · silver /kg on a log scale (right)

RBI repo rateSilver in INR /kg (right scale)

RBI Rate Cycles Since 2000 and Silver in rupees

Runs of RBI hikes or cuts (a gap of two years or more starts a new run), and how silver did in INR (our calculations).

Cycle	From → to	Moves	Silver during	12 months after the first move
Hikes Oct 2026	5.25% → 5.50%	1 (+25 bp)	—	so far −13.1%
Cuts Feb 2025–Dec 2025	6.50% → 5.25%	4 (−125 bp)	+86.7%	+147.2%
Hikes May 2022–Feb 2023	4.00% → 6.50%	6 (+250 bp)	+5.6%	+23.0%
Cuts Feb 2019–May 2020	6.50% → 4.00%	7 (−250 bp)	+19.8%	+12.8%
Hikes Jun 2018–Aug 2018	6.00% → 6.50%	2 (+50 bp)	−4.8%	−6.8%
Cuts Jan 2015–Aug 2017	8.00% → 6.00%	7 (−200 bp)	+0.2%	−12.2%
Hikes Sep 2013–Jan 2014	7.25% → 8.00%	3 (+75 bp)	−17.4%	−26.0%
Cuts Apr 2012–May 2013	8.50% → 7.25%	4 (−125 bp)	−18.8%	−21.0%
Hikes Mar 2010–Oct 2011	4.75% → 8.50%	13 (+375 bp)	+98.9%	+99.2%
Cuts Oct 2008–Apr 2009	9.00% → 4.75%	6 (−425 bp)	+29.9%	+76.5%
Hikes Oct 2005–Jul 2008	6.00% → 9.00%	10 (+300 bp)	+107.4%	+55.8%
Cuts Apr 2001–Mar 2004	9.00% → 6.00%	7 (−300 bp)	+70.1%	+9.3%
Hikes Apr 2001	7.00% → 9.00%	2 (+200 bp)	+2.6%	+14.3%
Cuts Feb 2001–Mar 2001	8.00% → 7.00%	2 (−100 bp)	−1.7%	+6.5%
Hikes Jul 2000	7.00% → 8.00%	1 (+100 bp)	—	−11.1%

Silver in INR is the COMEX close times INR per US dollar (Federal Reserve H.10). Past cycles are not a forecast; compare: Fed funds rate.

Year by Year

Year	Rate at year-end	Inflation (Dec)	$1 in INR at year-end	Silver in INR that year
2026 (so far)	5.50%	4.4%	94.94	−18.6%
2025	5.25%	1.2%	89.73	+155.0%
2024	6.50%	5.2%	85.26	+24.3%
2023	6.50%	5.7%	83.22	+0.5%
2022	6.25%	5.7%	82.79	+13.4%
2021	4.00%	5.7%	74.65	−10.5%
2020	4.00%	4.6%	73.88	+53.1%
2019	5.15%	7.3%	71.30	+17.5%
2018	6.50%	2.1%	70.11	−0.1%
2017	6.00%	5.2%	64.03	+0.2%
2016	6.25%	3.5%	68.01	+18.2%
2015	6.75%	5.6%	66.11	−7.5%
2014	8.00%	4.3%	63.39	−17.5%
2013	7.75%	8.0%	61.91	−27.0%
2012	8.00%	7.3%	54.88	+10.1%
2011	8.50%	7.7%	52.96	+8.2%
2010	6.25%	9.9%	45.01	+73.5%
2009	4.75%	6.9%	46.78	+53.0%
2008	6.50%	6.6%	48.14	−10.7%
2007	7.75%	4.0%	39.40	+2.0%
2006	7.25%	7.1%	44.19	+43.2%
2005	6.25%	4.2%	45.07	+33.9%
2004	6.00%	5.5%	43.59	+9.4%
2003	7.00%	5.7%	45.51	+21.1%
2002	7.50%	3.3%	48.03	+3.2%
2001	8.50%	2.1%	48.10	+1.6%
2000	8.00%	8.5%	46.75	—

Inflation: BIS consumer price series, 12-month change in December (this year: the latest available). The BIS compiles it from India's national consumer price index; figures can be revised.

Every RBI rate change since 2000 (75)

Effective	New rate	Change	Silver in INR that day	1 month later
Oct 7, 2026	5.50%	+25 bp	₹186,340	—
Dec 5, 2025	5.25%	−25 bp	₹168,898	+35.0%
Jun 6, 2025	5.50%	−50 bp	₹99,198	+3.2%
Apr 9, 2025	6.00%	−25 bp	₹83,275	+9.8%
Feb 7, 2025	6.25%	−25 bp	₹90,721	+0.8%
Feb 8, 2023	6.50%	+25 bp	₹58,842	−8.9%
Dec 7, 2022	6.25%	+35 bp	₹59,467	+9.4%
Sep 30, 2022	5.90%	+50 bp	₹49,711	+5.7%
Aug 5, 2022	5.40%	+50 bp	₹50,356	−11.6%
Jun 8, 2022	4.90%	+50 bp	₹55,033	−11.7%
May 4, 2022	4.40%	+40 bp	₹55,083	−2.1%
May 22, 2020	4.00%	−40 bp	₹42,991	+4.1%
Mar 27, 2020	4.40%	−75 bp	₹35,367	+6.4%
Oct 5, 2019	5.15%	−25 bp	₹40,017	−0.3%
Aug 8, 2019	5.40%	−35 bp	₹37,494	+9.2%
Jun 7, 2019	5.75%	−25 bp	₹33,395	−1.0%
Apr 4, 2019	6.00%	−25 bp	₹33,404	−0.4%
Feb 8, 2019	6.25%	−25 bp	₹36,234	−3.8%
Aug 1, 2018	6.50%	+25 bp	₹34,027	−4.5%
Jun 6, 2018	6.25%	+25 bp	₹36,067	−1.1%
Aug 2, 2017	6.00%	−25 bp	₹34,193	+5.6%
Oct 4, 2016	6.25%	−25 bp	₹38,055	−1.9%
Apr 5, 2016	6.50%	−25 bp	₹32,227	+16.6%
Sep 29, 2015	6.75%	−50 bp	₹31,055	+5.2%
Jun 2, 2015	7.25%	−25 bp	₹34,371	−6.9%
Mar 4, 2015	7.50%	−25 bp	₹32,311	+3.6%
Jan 15, 2015	7.75%	−25 bp	₹34,256	+1.7%
Jan 28, 2014	8.00%	+25 bp	₹38,963	+7.1%
Oct 29, 2013	7.75%	+25 bp	₹44,546	−9.8%
Sep 20, 2013	7.50%	+25 bp	₹45,854	−8.1%
May 3, 2013	7.25%	−25 bp	₹41,964	−1.7%
Mar 19, 2013	7.50%	−25 bp	₹50,301	−18.0%
Jan 29, 2013	7.75%	−25 bp	₹53,632	−8.4%
Apr 17, 2012	8.00%	−50 bp	₹52,234	−8.9%
Oct 25, 2011	8.50%	+25 bp	₹50,867	+4.2%
Sep 16, 2011	8.25%	+25 bp	₹60,938	−16.3%
Jul 26, 2011	8.00%	+50 bp	₹57,653	+3.9%
Jun 16, 2011	7.50%	+25 bp	₹51,097	+7.8%
May 3, 2011	7.25%	+50 bp	₹62,135	−22.6%
Mar 17, 2011	6.75%	+25 bp	₹49,930	+20.7%
Jan 25, 2011	6.50%	+25 bp	₹39,095	+17.2%
Nov 2, 2010	6.25%	+25 bp	₹35,323	+17.6%
Sep 16, 2010	6.00%	+25 bp	₹31,020	+13.8%
Jul 27, 2010	5.75%	+25 bp	₹27,492	+4.9%
Jul 2, 2010	5.50%	+25 bp	₹26,840	−2.0%
Apr 20, 2010	5.25%	+25 bp	₹25,660	+4.1%
Mar 19, 2010	5.00%	+25 bp	₹25,271	−2.5%
Apr 21, 2009	4.75%	−25 bp	₹19,388	+17.5%
Mar 5, 2009	5.00%	−50 bp	₹21,170	+0.8%
Jan 5, 2009	5.50%	−100 bp	₹17,184	+16.5%
Dec 8, 2008	6.50%	−100 bp	₹15,599	+11.4%
Nov 3, 2008	7.50%	−50 bp	₹16,037	+1.6%
Oct 20, 2008	8.00%	−100 bp	₹15,283	−1.7%
Jul 30, 2008	9.00%	+50 bp	₹23,169	−18.2%
Jun 25, 2008	8.50%	+50 bp	₹23,019	+2.3%
Jun 12, 2008	8.00%	+25 bp	₹22,715	+12.1%
Mar 31, 2007	7.75%	+25 bp	₹18,504	−4.5%
Jan 31, 2007	7.50%	+25 bp	₹18,954	+2.8%
Oct 31, 2006	7.25%	+25 bp	₹17,563	+12.5%
Jul 25, 2006	7.00%	+25 bp	₹16,527	+14.8%
Jun 8, 2006	6.75%	+25 bp	₹17,101	+0.1%
Jan 24, 2006	6.50%	+25 bp	₹12,787	+7.3%
Oct 26, 2005	6.25%	+25 bp	₹11,332	+7.9%
Mar 31, 2004	6.00%	−100 bp	₹11,276	−22.7%
Mar 19, 2003	7.00%	−10 bp	₹6,865	−0.4%
Mar 7, 2003	7.10%	−40 bp	₹7,170	−5.7%
Nov 12, 2002	7.50%	−50 bp	₹7,103	+2.5%
Mar 28, 2002	8.00%	−50 bp	₹7,338	0.0%
Jun 7, 2001	8.50%	−25 bp	₹6,561	−2.7%
Apr 30, 2001	8.75%	−25 bp	₹6,582	+2.9%
Apr 27, 2001	9.00%	+50 bp	₹6,627	+4.5%
Apr 3, 2001	8.50%	+150 bp	₹6,501	+2.4%
Mar 2, 2001	7.00%	−50 bp	₹6,625	−4.5%
Feb 17, 2001	7.50%	−50 bp	₹6,742	−3.2%
Jul 22, 2000	8.00%	+100 bp	₹7,195	−1.0%

BIS central bank policy rate series; dates are when the new rate applied. The BIS series follows the rate the RBI used as its main policy rate at each time (today the policy repo rate).

RBI repo rate: FAQ

What is the RBI repo rate today?

The repo rate is 5.50%, in force since 7 October 2026. It is the rate at which the Reserve Bank of India lends to banks overnight, and it guides loan and deposit rates across India.

When is the next RBI policy announcement?

The Monetary Policy Committee's next decision is due on Friday 4 December 2026 at 10:00 am IST. The MPC meets six times in each financial year (April to March).

How do RBI rate decisions affect the silver price in India?

Silver is priced in US dollars, so the local price moves with both the world price and the exchange rate. Higher Indian rates make holding cash and deposits more attractive and can support the rupee, which lowers the rupee price of silver; a weaker rupee raises it. Import duty and GST also add to the local price.

Where do the figures come from?

The repo rate from the Bank for International Settlements (central bank policy rates), inflation from the BIS consumer price series (12-month change). Exchange rates: Federal Reserve H.10 (via FRED). Silver in local currency is our calculation from COMEX closes; today's figure uses the live spot price.

Policy rates and consumer prices: Bank for International Settlements (WS_CBPOL, WS_LONG_CPI). BIS data portal. Exchange rates: Federal Reserve Board H.10 via FRED. The BIS and the Reserve Bank of India do not endorse Corgano. Silver prices are COMEX front-month futures closes; prices in INR, cycle and yearly changes, the real rate are Corgano's calculations.

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APA 7

Corgano. (2026, October 27). RBI repo rate today. Corgano Silver Price. Retrieved October 27, 2026, from https://silverprice.corgano.com/rbi-repo-rate

MLA 9

“RBI Repo Rate Today.” Corgano Silver Price, silverprice.corgano.com/rbi-repo-rate. Accessed 27 Oct. 2026.

Chicago

Corgano. “RBI Repo Rate Today.” Corgano Silver Price. Accessed October 27, 2026. https://silverprice.corgano.com/rbi-repo-rate.

BibTeX

@misc{corgano2026rbireporatetoday, author = {{Corgano}}, title = {RBI Repo Rate Today}, howpublished = {\url{https://silverprice.corgano.com/rbi-repo-rate}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}

Link

RBI Repo Rate Today — Corgano Silver Price: https://silverprice.corgano.com/rbi-repo-rate