India Policy Rate

## What this measures

The Reserve Bank of India's policy rate (repo rate), end of month, as compiled by the BIS.

## Why it matters

It sets the cost of borrowing in the economy and signals how the central bank reads inflation.

## How to read it

It was 5.25% in June 2026, down from 5.5% a year earlier (BIS publishes India with a lag of about two months). Compare with consumer price inflation (bis.cpi_yoy.ind): a policy rate well above inflation is a tight stance.

## What it does not say

It does not show market rates or how much credit actually costs borrowers.

## Source

Bank for International Settlements, Central bank policy rates, series `WS_CBPOL/M.IN` (stats.bis.org). Palanor reads the full series every day. Source: BIS. Used under the BIS terms for statistics: reuse is unrestricted with the BIS cited as the source, and the statistics carry no additional charge in Palanor.