The Reserve Bank of India left its benchmark repurchase rate at 4 percent during its February meeting, as widely expected, saying it was maintaining an accommodative stance as long as necessary to support the economy hit by the COVID-19 crisis, while ensuring that inflation remains within the target going forward. The central bank revised its inflation forecast to 5 percent from 5.2 percent in H1 2021-22 and 4.3 percent for Q3 2021-22. Meanwhile, the real GDP growth is projected at 10.5 percent in 2021-22 - in the range of 26.2 to 8.3 per cent in H1 and 6.0 percent in Q3. At the same time, the reverse repo rate at which RBI borrows from banks was kept unchanged at 3.35 percent and the marginal standing facility (MSF) rate and the bank rate at 4.25 percent. The central bank last revised its policy rate in May last year. source: Reserve Bank of India
Interest Rate in India averaged 6.56 percent from 2000 until 2020, 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 March 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. Looking forward, we estimate Interest Rate in India to stand at 3.50 in 12 months time. In the long-term, the India Interest Rate is projected to trend around 3.50 percent in 2021, according to our econometric models.