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Repo rate · 2019

RBI repo rate in 2019

5 MPC decisions this year. Rate moved from 6.50% to 5.15% (-135 bps).

Year open
6.50%
Year close
5.15%
Net move
-135 bps

MPC decisions in 2019

  1. 4 Oct 2019
    5.15%-25 bps
    EMI impact (₹1L · 20y)
    65 lower

    Slowing GDP growth; pre-COVID easing cycle.

  2. 7 Aug 2019
    5.40%-35 bps
    EMI impact (₹1L · 20y)
    91 lower

    Unusual 35 bps cut signalling stronger easing intent.

  3. 6 Jun 2019
    5.75%-25 bps
    EMI impact (₹1L · 20y)
    65 lower
  4. 4 Apr 2019
    6.00%-25 bps
    EMI impact (₹1L · 20y)
    65 lower
  5. 7 Feb 2019
    6.25%-25 bps
    EMI impact (₹1L · 20y)
    65 lower

    Start of the 2019-20 easing cycle.

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