Changes to India`s Standing Deposit Facility Rate since April 2022
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The Reserve Bank of India left its key rate unchanged in a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the central bank's 4% medium-term target, while economic growth continued to be resilient.
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 08-02-2024
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
