India Interest Rate

Last Release
Aug 2019
Actual
5.4 %
Forecast
5.4 %
Previous
5.75 %
Frequency
Daily
Units In
%
Next Release
Oct 4, 2019
Time to Release
1 Months 11 Days 7 Hours
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Highest
Lowest
Average
Date Range
Source
14.5 %
Aug 2000
4.25 %
Mar 2010
6.64 % 2000 - 2019Reserve 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 lowered its benchmark repo rate by 35 bps to 5.40 percent during its August meeting, while markets had forecast a smaller 25bps cut. This was the fourth straight rate cut so far this year, in an attempt to boost economic growth while the inflation outlook remains benign.

India Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Aug 7, 201909:47RBI Cuts Interest Rates by 35bps
Jun 6, 201907:25RBI Cuts Key Rate to 5.75%
Apr 4, 201908:07India Cuts Key Rate to 6%
DATETIMEEVENT
Aug 7, 201906:15RBI Interest Rate Decision
Jun 6, 201906:15RBI Interest Rate Decision

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

India money Indicators

All India indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Cash Reserve Ratio
4
Aug 2019
4
Aug 2019
4
Oct 2018
10.5
Apr 1999
%Daily1999 - 2019
Central Bank Balance Sheet
18,937.06
Jul 2019
18,764.59
Jun 2019
1,624.31
Aug 2001
23,419.03
Dec 2016
INR BillionsMonthly2001 - 2019
Foreign Exchange Reserves
430,570
Aug 2019
428,950
Aug 2019
29,048
Sep 1998
430,570
Aug 2019
USD MillionWeekly1998 - 2019
Interbank Rate
5.49
Aug 2019
5.45
Aug 2019
3.1
Jul 2009
12.97
Apr 1996
%Daily1993 - 2019
Interest Rate
5.4
Aug 2019
5.75
Jul 2019
4.25
Mar 2010
14.5
Aug 2000
%Daily2000 - 2019
Loan Growth
12.2
Aug 2019
12.2
Jul 2019
4.1
Mar 2017
18.7
Apr 2012
%Biweekly2012 - 2019

Interest Rate across Asia

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Azerbaijan
8.25
Jul 2019
8.5
Jun 2019
2
Oct 2010
15
Jan 2018
%Daily2005 - 2019
Bangladesh
6
Jul 2019
6
Jun 2019
4.5
Jul 2010
8.75
Oct 2008
%Daily2008 - 2019
Bhutan
7.04
Jul 2019
7.04
Jun 2019
6
Apr 2018
7.04
Mar 2019
%Daily2012 - 2019
Brunei
5.5
Jul 2019
5.5
Jun 2019
5.5
Aug 2018
5.5
Aug 2018
%Daily2003 - 2019
Cambodia
1.46
Jun 2019
1.46
Jun 2019
1.23
Jan 2011
10.7
Aug 1994
%Daily1994 - 2019
China
4.25
Aug 2019
4.31
Aug 2019
4.25
Aug 2019
10.98
Aug 1996
%Daily1996 - 2019
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