Interbank Rate in India increased to 7.05 percent on Tuesday November 3 from 7.03 in the previous day. Interbank Rate in India averaged 7.14 percent from 1998 until 2026, reaching an all time high of 12.27 percent in October of 2008 and a record low of 3.63 percent in December of 2020.
Interbank Rate in India is expected to be 7.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India 3-Month MIBOR is projected to trend around 7.30 percent in 2027 and 6.80 percent in 2028, according to our econometric models.