{"schema":1,"name":"Weighted average lending rate on fresh loans, %","meta":{"source":"Reserve Bank of India: Handbook of Statistics on the Indian Economy, Monetary Policy Statements and MPC minutes, lending and deposit rate releases, auction results press releases; via Data bank source rbi","licence":"RBI data, reused with acknowledgement of the Reserve Bank of India as the source.","method":"docs/methods/rbi.md","unit":"% a year; spread in basis points","notes":["Scheduled commercial banks. WALR = weighted average lending rate (fresh rupee loans, and outstanding loans); WADTDR = weighted average domestic term deposit rate; MCLR = median 1-year marginal cost of funds based lending rate.","Repo is the rate at each month's end.","Transmission is slower for outstanding loans and deposits, which reprice gradually."],"checks":{"since_feb_2025_cut":{"repo":{"from":6.5,"to":5.25,"to_month":"2026-09-01","change_bp":-125.0},"walr_fresh":{"from":9.33,"to":8.61,"to_month":"2026-08-01","change_bp":-72.0},"walr_outstanding":{"from":9.87,"to":8.96,"to_month":"2026-08-01","change_bp":-91.0},"wadtdr_fresh":{"from":6.62,"to":5.67,"to_month":"2026-08-01","change_bp":-95.0},"wadtdr_outstanding":{"from":7.09,"to":6.56,"to_month":"2026-08-01","change_bp":-53.0},"mclr_1y_median":{"from":9.0,"to":8.61,"to_month":"2026-09-01","change_bp":-39.0}}}},"as_of":"2026-08-01","latest":8.61,"value_ago":{"1w":8.52,"1m":8.52,"1y":8.72},"history":{"start":"2014-09-01","observations":144,"min":7.51,"min_date":"2022-04-01","max":11.52,"max_date":"2014-09-01","median":9.4,"percentile_full_history":28.4722,"percentile_last_5y":40.9836}}