Repo Rate Timeline
Visualize the changes in India's benchmark interest rate. Understand why the RBI hikes or cuts repo rates and how it affects your loans and savings.
Interactive Repo Timeline
The Repo Rate is the rate at which the RBI lends money to commercial banks. It is the most important tool of the Monetary Policy Committee (MPC) to control inflation and growth.
What happens when Repo Rate changes?
Repo Rate Cut
- Loans (EMIs) become cheaper
- Boosts business investment
- May lead to higher inflation
Repo Rate Hike
- Loans (EMIs) become expensive
- Incentivizes savings (FDs)
- Aims to cool down inflation
The Transmission Flow
The impact of a repo rate change isn't instant. It travels through the banking system to reach the end consumer.
Step 1
RBI Changes Repo
Step 2
Banks adjust MCLR/EBLR
Step 3
Consumer Loan Rates Change
Official Sources & References