Question: What Is 2020 Repo Rate?

Related Indicators for India Repo Rate

Related indicatorsLastPrevious
Repo Rate: Monthly monthly Apr 2001 – Feb 20205.150 % pa Feb 20205.150 % pa Jan 2020
Reverse Repo Rate: Monthly monthly Apr 2001 – Mar 20204.000 % pa Mar 20204.900 % pa Feb 2020

4 more rows

What is the repo rate of RBI?

The current Repo Rate as fixed by the RBI is 5.15%.

The reverse repo rate has also decreased to 4.90% and the Marginal Standing Facility Rate (MSF) and the Bank Rate have decreased to 5.40%.

Will the repo rate increase?

On the other hand, when the RBI needs to pump funds into the system, it lowers the repo rate. Consequently, businesses and industries find it cheaper to borrow money for different investment purposes. It also increases the overall supply of money in the economy. This ultimately boosts the growth rate of the economy.

What is new repo rate?

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decreased the repo rate by another 25 basis points on 4 October 2019. The repo rate was decreased from 5.40% to 5.15%. The repo rate was previously revised on 7 August 2019 when it was decreased by 35 basis points from 5.75% to 5.40%.

How many times repo rate changes?

Since February 2019, the RBI has cut repo rate five times in a row by a total of 135 basis points (100 basis points/bps = 1 per cent). Banks, too, have cut interest rates on loans since then. However, the quantum has been much less.