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India Interest Rate

India's interest rate remained stable at 5.5% in both August 2025 and October 2025. The Reserve Bank of India maintained this policy repo rate due to a balanced macroeconomic outlook. Resilient economic growth and inflation within the target band supported this decision. India's GDP growth reached 7.8% year-on-year in the first quarter of the financial year 2025-26. CPI inflation was 2.07% in August 2025, below the RBI's 4% target. Positive impacts from GST reforms and a strong monsoon season contributed to the economy's resilience. India's record low interest rate was 4% in May 2020 and record high was 9% in July 2008.

Historical Data (2005-2025)

(in %)
Date Interest Rate
Oct 01, 2025 5.5%
Aug 06, 2025 5.5%
Jun 06, 2025 5.5%
Apr 09, 2025 6%
Feb 07, 2025 6.25%
Dec 06, 2024 6.5%
Oct 09, 2024 6.5%
Aug 08, 2024 6.5%
Jun 07, 2024 6.5%
Apr 05, 2024 6.5%
Feb 08, 2024 6.5%
Dec 08, 2023 6.5%
Oct 06, 2023 6.5%
Aug 10, 2023 6.5%
Jun 08, 2023 6.5%
Apr 06, 2023 6.5%
Feb 08, 2023 6.5%
Dec 07, 2022 6.25%
Sep 30, 2022 5.9%
Aug 05, 2022 5.4%
Jul 31, 2022 4.9%
Jun 08, 2022 4.9%
May 04, 2022 4.4%
Mar 31, 2022 4%
Feb 09, 2022 4%
Dec 08, 2021 4%
Oct 08, 2021 4%
Aug 06, 2021 4%
Jun 04, 2021 4%
Apr 07, 2021 4%
Feb 05, 2021 4%
Dec 04, 2020 4%
Oct 09, 2020 4%
Aug 06, 2020 4%
Jun 30, 2020 4%
May 22, 2020 4%
Mar 27, 2020 4.4%
Feb 06, 2020 5.15%
Dec 05, 2019 5.15%
Oct 04, 2019 5.15%
Aug 07, 2019 5.4%
Jun 06, 2019 5.75%
Apr 04, 2019 6%
Feb 07, 2019 6.25%
Dec 05, 2018 6.5%
Oct 05, 2018 6.5%
Jul 31, 2018 6.25%
Jun 06, 2018 6.25%
May 31, 2018 6%
Apr 05, 2018 6%
Feb 07, 2018 6%
Dec 06, 2017 6%
Oct 04, 2017 6%
Aug 02, 2017 6%
Jun 07, 2017 6.25%
Apr 06, 2017 6.25%
Feb 08, 2017 6.25%
Dec 07, 2016 6.25%
Oct 04, 2016 6.25%
Aug 09, 2016 6.5%
Jun 07, 2016 6.5%
Apr 07, 2016 6.5%
Mar 31, 2016 6.75%
Feb 02, 2016 6.75%
Oct 31, 2015 6.75%
Sep 29, 2015 6.75%
Jun 02, 2015 7.25%
Mar 04, 2015 7.5%
Jan 15, 2015 7.75%
Jan 28, 2014 8%
Oct 29, 2013 7.75%
Sep 20, 2013 7.5%
May 03, 2013 7.25%
Mar 19, 2013 7.5%
Jan 29, 2013 7.75%
Apr 17, 2012 8%
Oct 25, 2011 8.5%
Sep 16, 2011 8.25%
Jul 26, 2011 8%
Jun 16, 2011 7.5%
May 03, 2011 7.25%
Mar 17, 2011 6.75%
Jan 25, 2011 6.5%
Nov 02, 2010 6.25%
Sep 16, 2010 6%
Jul 27, 2010 5.75%
Jul 02, 2010 5.5%
Apr 20, 2010 5.25%
Mar 19, 2010 5%
Apr 21, 2009 4.75%
Mar 05, 2009 5%
Jan 05, 2009 5.5%
Dec 08, 2008 6.5%
Nov 03, 2008 7.5%
Oct 20, 2008 8%
Jul 30, 2008 9%
Jun 25, 2008 8.5%
Jun 12, 2008 8%
Mar 30, 2007 7.75%
Jan 31, 2007 7.5%
Oct 30, 2006 7.25%
Jul 25, 2006 7%
Jun 08, 2006 6.75%
Jan 24, 2006 6.5%
Oct 26, 2005 6.25%

Recent Events

datetime event actual previous consensus
2025-10-01 12:30 AM RBI Interest Rate Decision 5.5% 5.5% 5.5%

Next Release Date :

India Interest Rate : Definition
The Interest Rate set by the Reserve Bank of India is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.6% -0.7% Dec'24
Debt to GDP Ratio 81.9% 81.8% Dec'24
Private Credit (% GDP) 50.14% 54.51% 2021