India Interest Rate

Last Release

Oct 01, 2025

Actual

5.5

Units In

5.5

Frequency

Daily

Next Release

Dec 05, 2025

Time to Release

1 Months 25 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
14.5 Aug 2000	4 May 2020	6.36 %	2000-2025	Reserve Bank of India

In India, interest rate decisions are taken by the Reserve Bank of India's Central Board of Directors. The official interest rate is the benchmark repurchase rate. In 2014, the primary objective of the RBI monetary policy became price stability, giving less importance to government's borrowing, the stability of the rupee exchange rate and the need to protect exports. In February 2015, the government and the central bank agreed to set a consumer inflation target of 4 percent, with a band of plus or minus 2 percentage points, from the financial year ending in March 2017.

Latest Updates

The Reserve Bank of India (RBI) kept its key repo rate unchanged at 5.50% during its October 2025 meeting, in line with market expectations. The decision comes amid easing inflation, as the central bank assesses the impact of earlier rate cuts and recent tax reductions, against a backdrop of global trade uncertainties. The repo rate remains at its lowest level since August 2022, following a cumulative 100 basis point reduction since the beginning of the year. On the economic outlook, the RBI raised its GDP growth forecast for FY2025/26 to 6.8%, up from a previous estimate of 6.5%, with Q2 at 7.0%, Q3 at 6.4%, and Q4 at 6.2%. Meanwhile, headline inflation projections were revised down to 2.6% from 3.1%, keeping it well within the central bank’s 2%–6% target range. Core inflation was reported at 4.2%. The RBI also held the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) rates steady at 5.25% and 5.75%, respectively.