{"schema":1,"name":"Policy rate against bank lending and deposit rates","resolution":"daily","generated_at":"2026-10-06T04:01:43Z","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}}}},"dates":["2012-02-01","2012-03-01","2012-04-01","2012-05-01","2012-06-01","2012-07-01","2012-08-01","2012-09-01","2012-10-01","2012-11-01","2012-12-01","2013-01-01","2013-02-01","2013-03-01","2013-04-01","2013-05-01","2013-06-01","2013-07-01","2013-08-01","2013-09-01","2013-10-01","2013-11-01","2013-12-01","2014-01-01","2014-02-01","2014-03-01","2014-04-01","2014-05-01","2014-06-01","2014-07-01","2014-08-01","2014-09-01","2014-10-01","2014-11-01","2014-12-01","2015-01-01","2015-02-01","2015-03-01","2015-04-01","2015-05-01","2015-06-01","2015-07-01","2015-08-01","2015-09-01","2015-10-01","2015-11-01","2015-12-01","2016-01-01","2016-02-01","2016-03-01","2016-04-01","2016-05-01","2016-06-01","2016-07-01","2016-08-01","2016-09-01","2016-10-01","2016-11-01","2016-12-01","2017-01-01","2017-02-01","2017-03-01","2017-04-01","2017-05-01","2017-06-01","2017-07-01","2017-08-01","2017-09-01","2017-10-01","2017-11-01","2017-12-01","2018-01-01","2018-02-01","2018-03-01","2018-04-01","2018-05-01","2018-06-01","2018-07-01","2018-08-01","2018-09-01","2018-10-01","2018-11-01","2018-12-01","2019-01-01","2019-02-01","2019-03-01","2019-04-01","2019-05-01","2019-06-01","2019-07-01","2019-08-01","2019-09-01","2019-10-01","2019-11-01","2019-12-01","2020-01-01","2020-02-01","2020-03-01","2020-04-01","2020-05-01","2020-06-01","2020-07-01","2020-08-01","2020-09-01","2020-10-01","2020-11-01","2020-12-01","2021-01-01","2021-02-01","2021-03-01","2021-04-01","2021-05-01","2021-06-01","2021-07-01","2021-08-01","2021-09-01","2021-10-01","2021-11-01","2021-12-01","2022-01-01","2022-02-01","2022-03-01","2022-04-01","2022-05-01","2022-06-01","2022-07-01","2022-08-01","2022-09-01","2022-10-01","2022-11-01","2022-12-01","2023-01-01","2023-02-01","2023-03-01","2023-04-01","2023-05-01","2023-06-01","2023-07-01","2023-08-01","2023-09-01","2023-10-01","2023-11-01","2023-12-01","2024-01-01","2024-02-01","2024-03-01","2024-04-01","2024-05-01","2024-06-01","2024-07-01","2024-08-01","2024-09-01","2024-10-01","2024-11-01","2024-12-01","2025-01-01","2025-02-01","2025-03-01","2025-04-01","2025-05-01","2025-06-01","2025-07-01","2025-08-01","2025-09-01","2025-10-01","2025-11-01","2025-12-01","2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01"],"series":{"mclr_1y_median":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,9.45,9.45,9.45,9.4,9.35,9.35,9.275,9.25,9.15,8.6,8.6,8.6,8.5,8.55,8.5,8.5,8.45,8.3,8.3,8.3,8.3,8.3,8.3,8.4,8.425,8.485,8.515,8.55,8.6,8.7,8.725,8.75,8.75,8.8,8.8,8.75,8.73,8.75,8.7,8.6,8.5,8.45,8.35,8.305,8.275,8.25,8.205,8.2,8.0,7.85,7.65,7.55,7.45,7.4,7.35,7.325,7.3,7.3,7.3,7.3,7.3,7.25,7.2,7.25,7.25,7.2,7.25,7.2,7.25,7.25,7.2,7.25,7.25,7.25,7.4,7.55,7.65,7.75,7.9,8.05,8.21,8.35,8.45,8.55,8.6,8.6,8.65,8.65,8.625,8.7,8.7,8.7,8.75,8.8,8.8,8.8,8.85,8.785,8.85,8.85,8.9,8.95,8.95,9.0,9.0,9.0,9.05,9.0,9.0,8.95,8.9,8.75,8.6,8.6,8.55,8.5,8.45,8.4,8.45,8.4,8.55,8.65,8.5,8.6,8.7,8.61],"wadtdr_fresh":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5.44,null,null,null,null,null,null,null,null,null,3.74,3.71,3.85,3.77,3.89,3.91,3.83,3.75,3.7,3.72,3.74,3.8,3.85,3.94,4.12,4.03,4.21,4.61,4.8,5.03,5.31,5.53,5.87,6.16,6.22,6.25,6.49,6.36,6.32,6.36,6.36,6.34,6.33,6.34,6.36,6.49,6.47,6.47,6.64,6.49,6.49,6.49,6.51,6.49,6.57,6.47,6.47,6.6,6.62,6.55,6.72,6.34,6.11,5.75,5.61,5.56,5.61,5.57,5.59,5.67,5.66,5.65,6.07,5.76,5.8,5.95,5.85,5.67,null],"wadtdr_outstanding":[null,null,null,null,null,null,null,null,null,null,null,null,null,8.81,8.76,8.68,8.73,8.7,8.81,8.91,8.84,8.76,8.78,8.76,8.75,8.79,8.78,8.73,8.73,8.76,8.75,8.7,8.68,8.68,8.64,8.61,8.59,8.57,8.51,8.49,8.43,8.35,8.27,8.03,7.91,7.86,7.83,7.78,7.75,7.73,7.64,7.59,7.52,7.48,7.44,7.41,7.38,7.32,7.19,7.14,7.06,6.97,6.92,6.86,6.81,6.75,6.69,6.65,6.54,6.5,6.53,6.54,6.6,6.67,6.71,6.71,6.72,6.72,6.76,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