RBI repo rate today: 5.50%
Effective 7 October 2026. Last checked 29 October 2026.
The MPC unanimously raised the repo rate by 25 basis points to 5.50% and moved its stance from neutral to calibrated tightening. It was the first increase since February 2023. The next decision is due on 4 December 2026.
What the hike means for your EMI
If your loan rate moves by the full 25 basis points, here is the change on a 20-year loan, taking 8.5% as the new rate. Your bank may extend the tenure instead of raising the EMI. To fight back, see the home loan prepayment calculator.
| Loan | EMI at 8.25% | EMI at 8.50% | Change per month |
|---|---|---|---|
| ₹25,00,000 | ₹21,302 | ₹21,696 | +₹394 |
| ₹50,00,000 | ₹42,603 | ₹43,391 | +₹788 |
| ₹75,00,000 | ₹63,905 | ₹65,087 | +₹1,182 |
| ₹1,00,00,000 | ₹85,207 | ₹86,782 | +₹1,576 |
Repo rate history
| MPC decision | Repo rate | Change |
|---|---|---|
| October 2026 | 5.50% | +25 bp |
| August 2026 | 5.25% | Unchanged |
| June 2026 | 5.25% | Unchanged |
| April 2026 | 5.25% | Unchanged |
| February 2026 | 5.25% | Unchanged |
| December 2025 | 5.25% | -25 bp |
| October 2025 | 5.50% | Unchanged |
| August 2025 | 5.50% | Unchanged |
| June 2025 | 5.50% | -50 bp |
| April 2025 | 6.00% | -25 bp |
| February 2025 | 6.25% | -25 bp |
Questions people ask
What is the current RBI repo rate?
The repo rate is 5.50%, effective 7 October 2026. The policy stance is calibrated tightening.
When is the next RBI MPC meeting?
The next Monetary Policy Committee meeting runs from 2 December 2026, with the decision due on 4 December 2026.
How does the repo rate affect my home loan?
Most floating-rate home loans taken after October 2019 are linked to an external benchmark, usually the repo rate. When the repo rate changes, your loan rate changes at the next reset date, typically within three months. Banks usually extend the tenure rather than raise the EMI unless you ask otherwise.
What is the repo rate in simple words?
It is the rate at which the Reserve Bank of India lends short-term money to banks. When it goes up, borrowing gets costlier across the economy, which helps cool inflation. When it goes down, loans get cheaper.
Sources: RBI MPC resolution, 7 October 2026, as reported by SuperKalam; Corplaw Updates: RBI repo rate hike to 5.50%.