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India RBI Interest Rate Decision

The Central Board of Directors of the Reserve Bank of India is responsible for making interest rate decisions in India. The benchmark repurchase rate is the official interest rate. When the Reserve Bank of India changed its monetary policy objectives in 2014, it placed a greater emphasis on price stability, deprioritizing government borrowing, currency stability, and the need to preserve exports. In February 2015, the government and central bank decided on a goal for consumer inflation of 4%, with a range of plus or minus 2% points, starting with the financial year ending in March 2017.

A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.

Category:  Interest Rate
Units:  Percent
Details
Impact: Medium
Country:
Currency: INR
Latest Release
Previous: 6.5%
Consensus: 6.5%
Actual: 6.5%
Next Release
No data