The Reserve Bank of India kept its benchmark repurchase rate at 4 percent during its December meeting, saying it was maintaining an accommodative stance as long as necessary to support the economy hit by the COVID-19 crisis amid high inflationary pressure. Policymakers expect inflation to average 6.8 percent in the third quarter of fiscal 2020-2021 and 5.8 percent in the fourth quarter. For FY21, the central bank revised its economic forecast to a contraction of 7.5 percent from a decline 9.5 percent projected in October. The reverse repo rate at which RBI borrows from banks was left unchanged at 3.35 percent and the marginal standing facility (MSF) rate and the bank rate at 4.25 percent. 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 February 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.