MUMBAI (Reuters) – The Reserve Bank of India kept its key interest rate unchanged, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy.
The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%.
The standing deposit facility rate and the marginal standing facility rate also remained unchanged.
For a timeline of changes to the repo rate, click here.
Here is a timeline of changes to India’s standing deposit facility rate since April 2022.
RATE (%) EFFECTIVE DATE
6.25 08-08-2024
6.25 07-06-2024
6.25 05-04-2024
6.25 08-02-2024
6.25 08-12-2023
6.25 06-10-2023
6.25 08-06-2023
6.25 06-04-2023
6.25 08-02-2023
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
(Reporting by Bhakti Tambe; Editing by Savio D’Souza)
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