The Reserve Bank of India kept its benchmark repurchase rate at 4 percent during its April meeting, as widely expected, saying it was maintaining an accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. The bank also left the reverse repo rate at which RBI borrows from banks at 3.35 percent and the marginal standing facility (MSF) rate and the bank rate at 4.25 percent. Inflation is expected at 5.0 percent in Q4 2020-21; 5.2 percent in Q1 2021-22; 5.2 percent in Q2; 4.4 percent in Q3 and 5.1 percent in Q4. Meanwhile, GDP growth is projected at 10.5 percent in 2021-22: consisting of 26.2 percent in Q1; 8.3 per cent in Q2; 5.4 percent in Q3 and 6.2 percent in Q4. Policymakers also announced new liquidity support for fresh lending to financial institutions during 2021. source: Reserve Bank of India
Interest Rate in India averaged 6.50 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 May 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 4.25 in 12 months time. 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.