Last 10 years Repo Rate in India, Repo Rate Full Form, How is Repo Rate calculated?

Last 10 years Repo Rate in India, Repo Rate Full Form, How is Repo Rate calculated
Last 10 years Repo Rate in India, Repo Rate Full Form, How is Repo Rate calculated
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The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks. The term “Repo Rate” stands for Repurchase Agreement or Repurchasing Option. To obtain loans from the RBI, banks sell qualifying securities to the central bank.

Last 10 years Repo Rate in India

DateRBI Repo Rate
8th June 20246.50%
5th April 20246.50%
8th February 20246.50%
8th December 20236.50%
10th August, 20236.50%
8th February, 20236.50%
7th December, 20226.25%
30th September, 20225.90%
5th August, 20225.40%
8th June, 20224.90%
4th May, 20224.40%
8th April, 20224.00%
10th February, 20224.00%
8th December, 20214.00%
9th October, 20214.00%
6th August, 20214.00%
4th June, 20214.00%
7th April, 20214.00%
5th February, 20214.00%
4th December, 20204.00%
9th October, 20204.00%
6th August, 20204.00%
22nd May, 20204.00%
27th March, 20204.40%
6th February, 20205.15%
5th December, 20195.15%
4th October, 20195.15%
7th August, 20195.40%
6th June, 20195.75%
4th April, 20196.00%
7th February, 20196.25%
1st August, 20186.50%
6th June, 20186.25%
7th February, 20186.00%
2nd August, 20176.00%
4th October, 20166.25%
5th April, 20166.50%
29th September, 20156.75%
2nd June, 20157.25%
4th March, 20157.50%
15th January, 20157.75%
28th January, 20148.00%
29th October, 20137.75%
20th September, 20137.50%
3rd May, 20137.25%
17th March, 20116.75%
25th January, 20116.50%
2nd November, 20106.25%
16th September, 20106.00%
27th July, 20105.75%
2nd July, 20105.50%
20th April, 20105.25%
19th March, 20105.00%
21st April, 20094.75%
5th March, 20095.00%
5th January, 20095.50%
8th December, 20086.50%
3rd November, 20087.50%
20th October, 20088.00%
30th July, 20089.00%
25th June, 20088.50%
12th June, 20088.00%
30th March, 20077.75%
31st January, 20077.50%
30th October, 20067.25%
25th July, 20067.00%
8th June, 20066.75%

How to Calculate the Repo Rate?

The interest rates that commercial banks pay to the RBI or get when they put money in the RBI must be agreed upon and standardised.

To calculate the repo rate, the following formula is used:

Repo Rate = (Repurchase Price – Original Selling Price / Original Selling Price) * (360 / n) Where:
* Repurchase Cost = Original Selling Price + Interest
* Original Selling Cost = Sales Cost of Security
* n = Number of Days to Maturity
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