RBI Reference Policy Rates & Monetary Indicators
Official key policy rates published by the Reserve Bank of India (RBI). Understand how decisions by the Monetary Policy Committee (MPC) directly impact your home loan interest rates, bank fixed deposits, and retail inflation.
6.50%
Rate at which commercial banks borrow short-term funds from the RBI.
3.35%
Rate at which RBI absorbs surplus liquidity from commercial banks.
4.75%
Retail price index target monitored by MPC (Target: 4.0% ± 2%).
6.75%
Penal interest rate for overnight bank borrowings.
4.5%
Percentage of total deposits banks must maintain in cash reserves with RBI.
18%
Mandatory minimum reserve in liquid assets (Govt bonds, gold) maintained by banks.
How RBI Rates Affect Your Wallet
Understanding rate transmission across consumer products.
Floating Home Loan Interest Rates (EBLR)
Most Indian home loans are benchmarked to the RBI Repo Rate (External Benchmark Lending Rate - EBLR). When the RBI increases the repo rate, banks immediately hike your home loan interest rates, extending your tenure or increasing your monthly EMI.
Fixed Deposits (FD) & Savings Rates
Higher repo rates encourage commercial banks to raise deposit rates to attract capital, giving senior citizens and fixed income investors higher yields on term deposits.
RBI Monetary Bulletins
Recent policy notifications & guidelines.