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.

In June 2023, the repo rate set by Reserve Bank of India stood at *** percent. In May 2022, the repo rate was *** percent, after which it spiked continuously. The repo rate is defined as the rate at which the central bank of a country, in this case the Reserve Bank of India (RBI), lends money to commercial banks in case of lack of funds.

The dataset contains year- and month-wise compiled data on policy rates fixed by Reserve Bank of India (RBI) for various financial policy and securities. These include data relating to Policy Repo Rate, Reverse Repo Rate, Marginal Standing Facility (MSF) Rate, Bank Rate, Base Rate, MCLR (Overnight), Term Deposit Rate greater than Year, Savings Deposit Rate, Call Money Rate (Weighted Average), 91, 182, 654-Day Treasury Bill (Primary) Yield, 10-Year G-Sec Par Yield (FBIL), etc.

Notes:

1. Repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds
2. Reverse Repo rate is the rate at which the RBI borrows money from commercial banks in the event of any shortfall of funds
3. Standing Deposit Facility is an overnight deposit facility that allows banks to park excess liquidity (money) and earn interest
4. Marginal Standing Facility rate is the interest rate at which RBI provides money to the scheduled commercial banks who are facing acute shortage of liquidity
5. The call money rate is the benchmark interest rate that banks charge brokers who are borrowing the money to fund margin loans. The call money rate, also known as the broker loan rate, typically isn't available to individuals, instead, investors pay the call money rate plus a service fee on a margin account.
6. Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 days, 182 days and 364 days.
7. Government Securities (G-sec_ yield is a method to evaluate the broader trend of interest rates in the economy
8. Marginal Cost of Funds-based Lending Rate (MCLR) is the minimum rate at which a bank can lend to its customers on certain loans

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for India (IRSTCB01INQ156N) from Q1 1968 to Q4 2023 about overnight, India, interest rate, banks, interest, depository institutions, and rate.

India Deposit Rate: Savings: Monthly data was reported at 3.500 % pa in Oct 2018. This stayed constant from the previous number of 3.500 % pa for Sep 2018. India Deposit Rate: Savings: Monthly data is updated monthly, averaging 3.500 % pa from Mar 2003 (Median) to Oct 2018, with 188 observations. The data reached an all-time high of 4.000 % pa in Jul 2017 and a record low of 3.500 % pa in Oct 2018. India Deposit Rate: Savings: Monthly 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.MA001: Reserve Bank of India: Deposit Rate.

India Bank Rate data was reported at 6.250 % pa in 18 May 2025. This stayed constant from the previous number of 6.250 % pa for 17 May 2025. India Bank Rate data is updated daily, averaging 6.500 % pa from Jul 1935 (Median) to 18 May 2025, with 32826 observations. The data reached an all-time high of 8.500 % pa in 01 Jun 2015 and a record low of 4.250 % pa in 03 May 2022. India Bank Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under High Frequency Database’s Lending Rates – Table IN.MB001: Bank Interest Rate. [COVID-19-IMPACT]

India Repo Rate data was reported at 6.000 % pa in 05 May 2025. This stayed constant from the previous number of 6.000 % pa for 04 May 2025. India Repo Rate data is updated daily, averaging 6.250 % pa from Apr 2001 (Median) to 05 May 2025, with 8775 observations. The data reached an all-time high of 7.500 % pa in 01 Jun 2015 and a record low of 4.000 % pa in 03 May 2022. India Repo Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under High Frequency Database’s Lending Rates – Table IN.MB001: Bank Interest Rate. [COVID-19-IMPACT]

India Private Sector Banks: Derivatives: Futures and Swaps: Cross Currency Interest Rate Swaps data was reported at 1,657.280 INR bn in 2018. This records an increase from the previous number of 1,381.399 INR bn for 2017. India Private Sector Banks: Derivatives: Futures and Swaps: Cross Currency Interest Rate Swaps data is updated yearly, averaging 947.020 INR bn from Mar 2012 (Median) to 2018, with 7 observations. The data reached an all-time high of 1,657.280 INR bn in 2018 and a record low of 627.707 INR bn in 2012. India Private Sector Banks: Derivatives: Futures and Swaps: Cross Currency Interest Rate Swaps data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Banking Sector – Table IN.KBB010: Scheduled Commercial Banks: Overview: Derivatives: Private Sector Banks.

India Reverse Repo Rate: Monthly data was reported at 3.350 % pa in Apr 2025. This stayed constant from the previous number of 3.350 % pa for Mar 2025. India Reverse Repo Rate: Monthly data is updated monthly, averaging 5.750 % pa from Apr 2001 (Median) to Apr 2025, with 289 observations. The data reached an all-time high of 7.500 % pa in Mar 2012 and a record low of 3.250 % pa in Feb 2010. India Reverse Repo Rate: Monthly data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.HD001: Key Interest Rate.

India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: EBLR: External Benchmarks Lending Rate data was reported at 91.350 % in Sep 2024. This records an increase from the previous number of 90.839 % for Jun 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: EBLR: External Benchmarks Lending Rate data is updated quarterly, averaging 75.806 % from Sep 2019 (Median) to Sep 2024, with 21 observations. The data reached an all-time high of 91.350 % in Sep 2024 and a record low of 25.691 % in Sep 2019. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: EBLR: External Benchmarks Lending Rate 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.MB002: Bank Interest Rate: Share of Outstanding Floating Rate Rupee Loans.

India Cash Reserve Ratio data was reported at 4.000 % in 18 May 2025. This stayed constant from the previous number of 4.000 % for 17 May 2025. India Cash Reserve Ratio data is updated daily, averaging 4.000 % from Sep 1962 (Median) to 18 May 2025, with 22891 observations. The data reached an all-time high of 4.500 % in 13 Dec 2024 and a record low of 3.000 % in 31 Mar 2021. India Cash Reserve Ratio data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under High Frequency Database’s Monetary – Table IN.MB001: Bank Interest Rate. [COVID-19-IMPACT]

Key information about India Long Term Interest Rate

• India Government Securities Yield: 10 Years was reported at 6.71 % pa in Jan 2025, compared with 6.78 % pa in the previous month.
• India Long Term Interest Rate data is updated monthly, available from May 1996 to Jan 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.

• In the latest reports, India Short Term Interest Rate: Month End: India: MIBOR: 3 Months was reported at 7.19 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.50 % pa in Jan 2025.
• India Exchange Rate against USD averaged 82.23 (USD/INR) in Jun 2023.

India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: Base Rate data was reported at 0.120 % in Jun 2024. This records a decrease from the previous number of 0.134 % for Mar 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: Base Rate data is updated quarterly, averaging 1.462 % from Sep 2019 (Median) to Jun 2024, with 20 observations. The data reached an all-time high of 8.285 % in Dec 2019 and a record low of 0.120 % in Jun 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: Base Rate 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.MB002: Bank Interest Rate: Share of Outstanding Floating Rate Rupee Loans.

India Foreign Exchange Rate: RBI: Reference Rate: Monthly Average: US Dollars data was reported at 71.854 INR/USD in Nov 2018. This records a decrease from the previous number of 73.632 INR/USD for Oct 2018. India Foreign Exchange Rate: RBI: Reference Rate: Monthly Average: US Dollars data is updated monthly, averaging 46.278 INR/USD from Apr 1995 (Median) to Nov 2018, with 284 observations. The data reached an all-time high of 73.632 INR/USD in Oct 2018 and a record low of 31.379 INR/USD in Jul 1995. India Foreign Exchange Rate: RBI: Reference Rate: Monthly Average: US Dollars 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.MC001: Foreign Exchange Rate: Reserve Bank of India.

India Foreign Exchange Rate: RBI: Interbank: US Dollars: Close data was reported at 72.485 INR/USD in 28 Sep 2018. This records a decrease from the previous number of 72.595 INR/USD for 27 Sep 2018. India Foreign Exchange Rate: RBI: Interbank: US Dollars: Close data is updated daily, averaging 47.950 INR/USD from Aug 2000 (Median) to 28 Sep 2018, with 4257 observations. The data reached an all-time high of 72.985 INR/USD in 18 Sep 2018 and a record low of 39.263 INR/USD in 15 Jan 2008. India Foreign Exchange Rate: RBI: Interbank: US Dollars: Close 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.MC002: Foreign Exchange Rate: Reserve Bank of India: Interbank.

India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Scheduled Commercial Banks: Base Rate data was reported at 1.683 % in Sep 2024. This records a decrease from the previous number of 1.820 % for Jun 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Scheduled Commercial Banks: Base Rate data is updated quarterly, averaging 4.841 % from Sep 2019 (Median) to Sep 2024, with 21 observations. The data reached an all-time high of 12.335 % in Sep 2019 and a record low of 1.683 % in Sep 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Scheduled Commercial Banks: Base Rate 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.MB002: Bank Interest Rate: Share of Outstanding Floating Rate Rupee Loans.

India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Public Sector Banks: Base Rate data was reported at 2.218 % in Sep 2024. This records a decrease from the previous number of 2.421 % for Jun 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Public Sector Banks: Base Rate data is updated quarterly, averaging 6.117 % from Sep 2019 (Median) to Sep 2024, with 21 observations. The data reached an all-time high of 14.381 % in Sep 2019 and a record low of 2.218 % in Sep 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Public Sector Banks: Base Rate 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.MB002: Bank Interest Rate: Share of Outstanding Floating Rate Rupee Loans.

India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: Others data was reported at 0.633 % in Sep 2024. This records a decrease from the previous number of 0.666 % for Jun 2024. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: Others data is updated quarterly, averaging 0.599 % from Sep 2019 (Median) to Sep 2024, with 21 observations. The data reached an all-time high of 2.945 % in Sep 2022 and a record low of 0.088 % in Dec 2021. India Interest Rate: Share of Outstanding Floating Rate Rupee Loans: Foreign Banks: Others 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.MB002: Bank Interest Rate: Share of Outstanding Floating Rate Rupee Loans.

India Foreign Banks: Demand Loan Rate: High: Commonwealth Bank of Australia data was reported at 9.250 % pa in Sep 2016. This records a decrease from the previous number of 10.400 % pa for Jun 2016. India Foreign Banks: Demand Loan Rate: High: Commonwealth Bank of Australia data is updated quarterly, averaging 10.900 % pa from Sep 2011 (Median) to Sep 2016, with 20 observations. The data reached an all-time high of 12.000 % pa in Sep 2012 and a record low of 9.250 % pa in Sep 2016. India Foreign Banks: Demand Loan Rate: High: Commonwealth Bank of Australia 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.MB037: Lending Rate: Other than Export Credit: Demand Loan Rate: High.

State Bank of India and Its Associates: Derivatives: Interest Rate Related Contracts: Single Currency Interest Rate Swaps data was reported at 292.184 INR bn in 2017. This records a decrease from the previous number of 293.290 INR bn for 2016. State Bank of India and Its Associates: Derivatives: Interest Rate Related Contracts: Single Currency Interest Rate Swaps data is updated yearly, averaging 452.677 INR bn from Mar 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 664.787 INR bn in 2013 and a record low of 274.270 INR bn in 2015. State Bank of India and Its Associates: Derivatives: Interest Rate Related Contracts: Single Currency Interest Rate Swaps data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Banking Sector – Table IN.KBC003: State Bank of India and Its Associates: Derivatives.