FXEMPIRE
All
Corona Virus
Stay Safe, FollowGuidance
World
6,567,058Confirmed
387,902Deaths
3,164,260Recovered
Fetching Location Data…
Advertisement
Advertisement

India Interest Rate

Last Release
May 2020
Actual
4 %
Forecast
N/A
Previous
4.4 %
Frequency
Daily
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
14.5 %
Aug 2000
4 %
May 2020
6.58 %2000 - 2020Reserve 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 unexpectedly held its benchmark repo rate at 5.15 percent during its December 2019 meeting, after five consecutive rate cuts and surprising markets that expected a 25bps cut amid a sharp economic slowdown. The central bank revised its growth forecasts to 5 percent from 6.1 percent for the current fiscal year that ends in March 2020. Inflation is seen higher at 5.1 percent-4.7 percent in the second half of the current fiscal year, mainly due to prices of vegetables, milk, pulses, and sugar.

India Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 5, 201908:50India Unexpectedly Holds Interest Rate at 5.15%
Oct 4, 201907:36RBI Cuts Key Lending Rate, Slashes Growth Forecasts
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%
DATETIMEEVENTActual
May 22, 202004:30RBI Interest Rate Decision4 %
Mar 27, 202005:10RBI Interest Rate Decision4.4 %
Mar 16, 202010:30RBI Press Conference
Feb 6, 202006:15RBI Interest Rate Decision5.15 %
Dec 5, 201906:15RBI Interest Rate Decision5.15 %
Oct 4, 201906:15RBI Interest Rate Decision5.15 %
Aug 7, 201906:15RBI Interest Rate Decision5.4 %

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

India money Indicators

All India indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Cash Reserve Ratio
3
May 2020
3
May 2020
3
Apr 2020
10.5
Apr 1999
%Daily1999 - 2020
Central Bank Balance Sheet
26,848.05
Apr 2020
25,377.42
Mar 2020
1,624.31
Aug 2001
26,848.05
Apr 2020
INR BillionsMonthly2001 - 2020
Foreign Exchange Reserves
490,040
May 2020
487,039
May 2020
29,048
Sep 1998
490,040
May 2020
USD MillionWeekly1998 - 2020
Interbank Rate
3.19
May 2020
3.28
May 2020
3.1
Jul 2009
12.97
Apr 1996
%Daily1993 - 2020
Interest Rate
4
May 2020
4.4
Apr 2020
4
May 2020
14.5
Aug 2000
%Daily2000 - 2020
Loan Growth
6.5
May 2020
6.7
Apr 2020
4.1
Mar 2017
18.7
Apr 2012
%Biweekly2012 - 2020

Interest Rate across Asia

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Azerbaijan
7.25
May 2020
7.25
Apr 2020
2
Oct 2010
15
Jan 2018
%Daily2005 - 2020
Bangladesh
6
May 2020
6
Apr 2020
4.5
Jul 2010
8.75
Oct 2008
%Daily2008 - 2020
Bhutan
7.02
May 2020
7.02
Apr 2020
6
Apr 2018
7.04
Mar 2019
%Daily2012 - 2020
Brunei
5.5
Feb 2020
5.5
Jan 2020
5.5
Aug 2018
5.5
Aug 2018
%Daily2003 - 2020
Cambodia
1.5
Apr 2020
1.5
Apr 2020
1.23
Jan 2011
10.7
Aug 1994
%Daily1994 - 2020
China
3.85
May 2020
3.85
May 2020
3.85
Apr 2020
10.98
Aug 1996
%Daily1996 - 2020

Trade With A Regulated Broker

  • Your capital is at risk