The RBI Interest Rate Decision is made by the Bank's Monetary Policy Committee six times a year. The basic rate, or repo, is the interest rate at which the RBI issues short-term loans to Indian commercial banks. If the announced repo rate is higher than expected, this can be seen as positive for the Indian rupee. A lower than expected rate can have a negative effect on the INR quotes.
Reserve Bank of India Interest Rate Decision
Last release
Actual
5.25%
Forecast
—
Previous
5.25%
Next release
Actual
Coming in 46 days
Forecast
—
Previous
5.25%
Date (GMT)
Reference
Actual
Forecast
Previous
5.25%
—
5.25%
5.25%
—
5.25%
5.25%
—
5.25%
5.25%
—
5.50%
5.50%
—
5.50%
5.50%
—
5.50%
5.50%
—
6.00%
6.00%
—
6.25%
6.25%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%
6.50%
—
6.50%