RBI Policy Rate Dashboard
All key monetary policy rates set by the Reserve Bank of India — updated after every MPC meeting. Repo Rate, Reverse Repo, CRR, SLR, MSF Rate, and Bank Rate in one place.
Last updated: 2 May 2026
Policy Rates
Key rates set by the Monetary Policy Committee (MPC) that influence borrowing costs across the economy.
Bank Rate
─5.5%
Effective 7 Feb 2026
Fixed Reverse Repo Rate
─3.35%
Effective 8 Apr 2026
Marginal Standing Facility (MSF) Rate
─5.5%
Effective 7 Feb 2026
Repo Rate
─5.25%
Effective 7 Feb 2026
Standing Deposit Facility (SDF) Rate
─5%
Effective 7 Feb 2026
Reserve Requirements
Mandatory reserves banks must maintain, directly controlling money supply.
Cash Reserve Ratio (CRR)
▼3%
Effective 28 Dec 2025
Statutory Liquidity Ratio (SLR)
─18%
Effective 12 Oct 2024
About These Rates
Repo Rate
The rate at which the RBI lends short-term money to commercial banks. A higher repo rate makes borrowing costlier, controlling inflation.
Reverse Repo Rate
The rate at which the RBI borrows money from commercial banks. It absorbs liquidity from the banking system.
CRR (Cash Reserve Ratio)
The percentage of a bank's net demand and time liabilities (NDTL) that must be held as cash with the RBI.
SLR (Statutory Liquidity Ratio)
The percentage of NDTL banks must maintain in government securities, gold, or cash before extending credit.
MSF Rate (Marginal Standing Facility)
The rate at which banks can borrow overnight from the RBI against government securities in an emergency. Always above repo rate.
Bank Rate
The rate at which the RBI discounts bills of exchange. Used as a penal rate for shortfalls in CRR/SLR maintenance.
Source: Reserve Bank of India. Rates updated after each Monetary Policy Committee (MPC) meeting. This dashboard is for reference only — verify with the official RBI website for regulatory purposes.