{
  "format": "india-by-the-numbers.series.v1",
  "id": "payments/policy-rates",
  "name": "Repo rate and policy corridor",
  "hub": "Payments",
  "topic": "Bank and policy interest rates",
  "moduleIds": [
    "policy-rates"
  ],
  "url": "https://data.indiadispatch.com/payments/policy-rates",
  "period": "5 August 2026",
  "periodKey": "2026-08-05",
  "sourceReleaseDate": "2026-08-05",
  "latest": {
    "formattedValue": "5.25%",
    "supportingFigures": "The published stance was neutral."
  },
  "source": {
    "name": "Reserve Bank of India",
    "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63287"
  },
  "numericValue": 5.25,
  "unit": "percent",
  "measure": "repo_percent",
  "cadence": "Policy decisions",
  "version": "55d385dfb98591b192550793a645280253b2ecf78fc950f9268d6660479bac03",
  "dateModified": "2026-10-05T05:33:24.257Z",
  "coverage": "2025-02-07/2026-08-05",
  "notes": [
    "Only published observations are shown. Missing periods are not zero and have not been interpolated.",
    "Observations are dated MPC decisions, not daily interpolated rates. A decision to keep a rate unchanged is still a meeting observation. Effective dates appear only when explicitly stated by the RBI.",
    "The repo rate is the central bank’s policy lending rate. Standing deposit facility, or SDF, and marginal standing facility, or MSF, rates define the published corridor.",
    "Observations are decision dates, not fabricated daily readings. An effective date is shown only when the official statement explicitly gives it."
  ],
  "license": {
    "name": "Creative Commons Attribution 4.0 International",
    "url": "https://creativecommons.org/licenses/by/4.0/",
    "scope": "India Dispatch's original compiled tables and editorial text"
  },
  "sourceRights": "Underlying source publishers retain their own rights. This license does not grant rights to publisher documents, branding or other third-party material.",
  "attribution": "India by the numbers, Repo rate and policy corridor, 5 August 2026, https://data.indiadispatch.com/payments/policy-rates. Source: Reserve Bank of India.",
  "valueRepresentation": "Table cells are the publication's formatted observations, with units retained. Missing observations are not zero. Numeric latest amounts, where present, are separately labelled INR and USD.",
  "tables": [
    {
      "title": "Published policy decisions",
      "columns": [
        "Decision",
        "Meeting start",
        "Meeting end",
        "Repo",
        "SDF",
        "MSF",
        "Bank rate",
        "Stance",
        "Explicit effective date"
      ],
      "rows": [
        {
          "id": "2025-02-07",
          "cells": [
            "7 February 2025",
            "5 February 2025",
            "7 February 2025",
            "6.25%",
            "6%",
            "6.5%",
            "6.5%",
            "neutral",
            "7 February 2025"
          ]
        },
        {
          "id": "2025-04-09",
          "cells": [
            "9 April 2025",
            "7 April 2025",
            "9 April 2025",
            "6%",
            "5.75%",
            "6.25%",
            "6.25%",
            "accommodative",
            "9 April 2025"
          ]
        },
        {
          "id": "2025-06-06",
          "cells": [
            "6 June 2025",
            "4 June 2025",
            "6 June 2025",
            "5.5%",
            "5.25%",
            "5.75%",
            "5.75%",
            "neutral",
            "6 June 2025"
          ]
        },
        {
          "id": "2025-08-06",
          "cells": [
            "6 August 2025",
            "4 August 2025",
            "6 August 2025",
            "5.5%",
            "5.25%",
            "5.75%",
            "5.75%",
            "neutral",
            "Not explicitly reported"
          ]
        },
        {
          "id": "2025-10-01",
          "cells": [
            "1 October 2025",
            "29 September 2025",
            "1 October 2025",
            "5.5%",
            "5.25%",
            "5.75%",
            "5.75%",
            "neutral",
            "Not explicitly reported"
          ]
        },
        {
          "id": "2025-12-05",
          "cells": [
            "5 December 2025",
            "3 December 2025",
            "5 December 2025",
            "5.25%",
            "5%",
            "5.5%",
            "5.5%",
            "neutral",
            "Not explicitly reported"
          ]
        },
        {
          "id": "2026-02-06",
          "cells": [
            "6 February 2026",
            "4 February 2026",
            "6 February 2026",
            "5.25%",
            "5%",
            "5.5%",
            "5.5%",
            "neutral",
            "Not explicitly reported"
          ]
        },
        {
          "id": "2026-04-08",
          "cells": [
            "8 April 2026",
            "6 April 2026",
            "8 April 2026",
            "5.25%",
            "5%",
            "5.5%",
            "5.5%",
            "neutral",
            "Not explicitly reported"
          ]
        },
        {
          "id": "2026-06-05",
          "cells": [
            "5 June 2026",
            "3 June 2026",
            "5 June 2026",
            "5.25%",
            "5%",
            "5.5%",
            "5.5%",
            "neutral",
            "Not explicitly reported"
          ]
        },
        {
          "id": "2026-08-05",
          "cells": [
            "5 August 2026",
            "3 August 2026",
            "5 August 2026",
            "5.25%",
            "5%",
            "5.5%",
            "5.5%",
            "neutral",
            "Not explicitly reported"
          ]
        }
      ],
      "source": {
        "name": "Reserve Bank of India",
        "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63287"
      },
      "temporalCoverage": "2025-02-07/2026-08-05"
    }
  ],
  "downloads": {
    "json": "https://data.indiadispatch.com/data/series/payments/policy-rates.json",
    "csv": "https://data.indiadispatch.com/data/series/payments/policy-rates.csv"
  },
  "publicationArchive": "https://data.indiadispatch.com/archive/payments/policy-rates"
}