Real interest rate (%) in India was reported at 2.5213 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

India: Real interest rate: Bank lending rate minus inflation: The latest value from 2022 is 2.52 percent, an increase from 0.32 percent in 2021. In comparison, the world average is -0.41 percent, based on data from 94 countries. Historically, the average for India from 1978 to 2022 is 5.65 percent. The minimum value, -1.98 percent, was reached in 2010 while the maximum of 10.77 percent was recorded in 1978.

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Real interest rate of India rocketed by 695.51% from 0.32 % in 2021 to 2.52 % in 2022. Since the 40.01% slump in 2020, real interest rate plummeted by 39.04% in 2022. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.

In September 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Key information about India Long Term Interest Rate

• India Government Securities Yield: 10 Years was reported at 6.63 % pa in Oct 2025, compared with 6.64 % pa in the previous month.
• India Long Term Interest Rate data is updated monthly, available from May 1996 to Oct 2025.
• The data reached an all-time high of 13.96 % pa in May 1996 and a record low of 5.11 % pa in Oct 2003.
• Long Term Interest Rate is reported by reported by Reserve Bank of India.

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Related information about India Long Term Interest Rate

• In the latest reports, India Short Term Interest Rate: Month End: India: MIBOR: 3 Months was reported at 6.12 % pa in Oct 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 5.50 % pa in Nov 2025.
• India Exchange Rate against USD averaged 88.37 (USD/INR) in Oct 2025.

Inflation Rate in India decreased to 0.25 percent in October from 1.44 percent in September of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Daily dataset of the India Interest Rate, including historical data, latest releases, and long-term trends from 2005-10-26 to 2025-10-01. Available for free download in CSV format.

Key information about India Policy Rate

• India cash rate (Policy Rate: Month End: Repo Rate) was set at 5.50 % pa in Nov 2025, compared with 5.50 % pa in the previous Oct 2025.
• India Policy Rate averaged 7.25 % pa and is updated monthly, available from Apr 2001 to Nov 2025.
• The data reached an all-time high of 9.00 % pa in Sep 2008 and a record low of 4.00 % pa in Apr 2022.

Related information about India Policy Rate

• In the latest reports, India Short Term Interest Rate: Month End: India: MIBOR: 3 Months was reported at 6.12 % pa in Oct 2025.
• Its Long Term Interest Rate (Government Securities Yield: 10 Years) was reported at 6.63 % pa in Oct 2025.
• India Exchange Rate against USD averaged 88.37 (USD/INR) in Oct 2025.
• Its Real Effective Exchange Rate was 107.13 in Oct 2025.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

Actual value and historical data chart for India Lending Interest Rate Percent

Inde: Real interest rate: Bank lending rate minus inflation: Pour cet indicateur, The International Monetary Fund fournit des données pour la Inde de 1978 à 2022. La valeur moyenne pour Inde pendant cette période était de 5.65 pour cent avec un minimum de -1.98 pour cent en 2010 et un maximum de 10.77 pour cent en 1978.

The yield on India 10Y Bond Yield eased to 6.52% on December 2, 2025, marking a 0.06 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.03 points and is 0.24 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. India 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on December of 2025.

Hindistan: Real interest rate: Bank lending rate minus inflation: The International Monetary Fund göstergesi için Hindistan hakkında 1978 - 2022 arası bilgi. Hindistan için bu döneme ait ortalama değer yüzde 5.65 percent con un mínimo de -1.98 percent en 2010 y un máximo de 10.77 percent en 1978.

Overview with Chart & Report: The RBI Interest Rate Decision is made by the Bank's Monetary Policy Committee six times a year. The basic rate, or repo, is the interest rate at which the RBI issues short-term loans to Indian

Key information about India Real Effective Exchange Rate

• India Real Effective Exchange Rate (REER: 2005=100: Month Avg: India) was 107.1 in Oct 2025, compared with the number of 107.1 in the previous month.
• India Real Effective Exchange Rate data is updated monthly and averaged 118.7 from Apr 2004 to Oct 2025.
• The data reached an all-time high of 118.7 in Nov 2024 and a record low of 94.8 in Apr 2009.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Reserve Bank of India provides Real Effective Exchange Rate Index with base April 2015-March 2016=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about India Real Effective Exchange Rate

• In the latest reports, India Short Term Interest Rate: Month End: India: MIBOR: 3 Months was reported at 6.1 % pa in Oct 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 5.5 % pa in Nov 2025.
• India Exchange Rate against USD averaged 88.4 (USD/INR) in Oct 2025.

India Effective Exchange Rate Index: Annual: Real: Export Weighted: 40 Currencies: 2015-16 Based data was reported at 102.355 2015-2016=100 in 2025. This records an increase from the previous number of 101.224 2015-2016=100 for 2024. India Effective Exchange Rate Index: Annual: Real: Export Weighted: 40 Currencies: 2015-16 Based data is updated yearly, averaging 99.978 2015-2016=100 from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 105.725 2015-2016=100 in 2018 and a record low of 87.133 2015-2016=100 in 2009. India Effective Exchange Rate Index: Annual: Real: Export Weighted: 40 Currencies: 2015-16 Based data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MC009: Effective Exchange Rate Index.

India Effective Exchange Rate Index: Annual: Real: Trade Weighted: 6 Currencies: 2022-23 Based data was reported at 100.935 2022-2023=100 in 2025. This records an increase from the previous number of 99.857 2022-2023=100 for 2024. India Effective Exchange Rate Index: Annual: Real: Trade Weighted: 6 Currencies: 2022-23 Based data is updated yearly, averaging 100.180 2022-2023=100 from Mar 2016 (Median) to 2025, with 10 observations. The data reached an all-time high of 104.570 2022-2023=100 in 2018 and a record low of 98.211 2022-2023=100 in 2016. India Effective Exchange Rate Index: Annual: Real: Trade Weighted: 6 Currencies: 2022-23 Based data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MC009: Effective Exchange Rate Index.

Bank Lending Rate in India remained unchanged at 9.46 percent in October. This dataset provides - India Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India Effective Exchange Rate Index: Annual: Real: Trade Weighted: 6 Currencies: 2017-18 Based data was reported at 97.344 2017-2018=100 in 2020. This records an increase from the previous number of 94.202 2017-2018=100 for 2019. India Effective Exchange Rate Index: Annual: Real: Trade Weighted: 6 Currencies: 2017-18 Based data is updated yearly, averaging 97.344 2017-2018=100 from Mar 2018 (Median) to 2020, with 3 observations. The data reached an all-time high of 100.000 2017-2018=100 in 2018 and a record low of 94.202 2017-2018=100 in 2019. India Effective Exchange Rate Index: Annual: Real: Trade Weighted: 6 Currencies: 2017-18 Based data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MC009: Effective Exchange Rate Index.