The Reserve Bank of India kept its benchmark repo rate at 4 percent during its August meeting, as widely expected, saying it was maintaining an accommodative monetary policy stance as long as necessary to support the economic recovery and to help mitigate the negative impact of COVID-19. The bank also left the reverse repo rate, the borrowing rate, unchanged at 3.35 percent. Meanwhile, the RBI raised its projection for retail inflation for full year 2021/22 to 5.7 percent from 5.1 percent previously, adding to concerns about a need to reverse policy if price pressures fail to abate. Officials project GDP growth at 9.5 percent over the same period, unchanged from a previous forecast. source: Reserve Bank of India
Interest Rate in India averaged 6.45 percent from 2000 until 2021, reaching an all time high of 14.50 percent in August of 2000 and a record low of 4 percent in May of 2020. This page provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Interest Rate in India is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Interest Rate is projected to trend around 4.75 percent in 2022 and 5.50 percent in 2023, according to our econometric models.