📈 Interest Rate Trend Calculator 2025-26
Track RBI repo rate trends from 2020 to 2026. Analyze historical interest rate movements and get future forecasts for home loans, FDs, and EMIs. Includes rate impact calculator and expert analysis.
Current Repo Rate (RBI)
As of February 2026 MPC Meeting
Policy Stance
Neutral
FY26 CPI Inflation
2.1
%
FY26 GDP Growth
7.4
%
10-Yr G-Sec Yield
6.70
%
Market Outlook
RBI Governor's Message:
"Rates to remain around current levels for long period barring shocks"
RBI Repo Rate History (2020-2026)
Rate Impact on Your Loan
Impact on Your EMI
Rate Impact on Your FD
Impact on Maturity Amount
Latest Rate News & Analysis
March 2, 2026
RBI Governor: Rates to remain around current levels for long period
Sanjay Malhotra indicates policy rates will stay at 5.25% or lower barring shocks, with inflation benign and growth resilient.
February 6, 2026
RBI holds repo rate at 5.25%, maintains neutral stance
MPC unanimously votes to keep rates unchanged. FY26 GDP forecast raised to 7.4%, CPI inflation projected at 2.1%.
February 1, 2026
Union Budget 2026: Fiscal deficit target at 4.3%
Government's disciplined borrowing plan creates room for future rate cuts. Net borrowing at ₹11.7 lakh crore.
Expert Forecast 2026-27
Motilal Oswal Outlook
Another 25 bps cut possible later in 2026. FD rates may decline 0.25-0.50% by year-end.
DBS Research
10Y yields likely to exhibit upside bias in near-term within 6.6-6.7% range. OMOs to provide relief.
Moneycontrol Poll
70% of experts expect rates to remain unchanged through calendar 2026. Rate cut cycle nearing end.
Quarterly Forecast
| Q1 2026 (Apr-Jun) | 5.25% | Stable |
| Q2 2026 (Jul-Sep) | 5.00-5.25% | Possible Cut |
| Q3 2026 (Oct-Dec) | 5.00% | Steady |
| Q1 2027 (Jan-Mar) | 5.00% | Unchanged |
Key Takeaways from Current Rate Cycle
Rate Cut Cycle
125 bps cumulative cuts in FY26 from 6.5% to 5.25%
Inflation Under Control
FY26 CPI projected at 2.1%, below RBI's 4% target
Strong Growth
GDP growth forecast raised to 7.4% for FY26
Policy Stance
Neutral stance with focus on liquidity management
❓ Frequently Asked Questions
What is the current repo rate?
As of February 2026, the RBI repo rate is 5.25%. The policy stance is neutral. The rate was last changed on December 5, 2025 with a 25 bps cut.
Will interest rates go down in 2026?
Most experts expect rates to remain stable in the near term. There is possibility of one more 25 bps cut later in 2026 if inflation remains benign. RBI Governor has indicated rates will remain around current levels for a long period.
How does repo rate affect my home loan EMI?
When repo rate changes, banks adjust their lending rates. For every 0.25% change in repo rate, your EMI changes by approximately ₹15 per lakh for a 20-year loan. Use the calculator above to check the exact impact.
Should I book a fixed deposit now or wait?
FD rates have likely peaked. If you have surplus cash, locking in long-term FDs now is advisable as rates might decline by 0.25% to 0.50% by end of 2026.