Data to 5 October 2026
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Is money cheap?

Real repo rate

0.43%
after CPI inflation, Aug 2026

Inside its usual range of −1.43% to 2.62%. The low is −11.47%, in January 2010. Down from 3.43% a year ago.

20102020−10.0%−5.0%5.0%6.7%, Apr 2001−11.5%, Jan 2010usual range, −1.4% to 2.6%0.4%20052010201520202025−10.0%−5.0%5.0%6.7%, Apr 2001−11.5%, Jan 2010usual range, −1.4% to 2.6%0.4%20052010201520202025−10.0%−5.0%0.0%5.0%6.7%, Apr 2001−11.5%, Jan 2010usual range, −1.4% to 2.6%0.4%20052010201520202025−10.0%−5.0%0.0%5.0%6.7%, Apr 2001−11.5%, Jan 2010usual range, −1.4% to 2.6%0.4%

What it is. The RBI's policy rate minus consumer inflation.

How to read it. Positive means policy is tight after inflation; negative means money is cheap in real terms.

Source: IndiaDataHub Method Data

The numbers

Latest0.43%Aug 2026
A week ago0.80%
A month ago0.80%
A year ago3.43%
Usual range−1.43% to 2.62%
Median1.13%
Lowest−11.47%1 Jan 2010
Highest6.72%1 Apr 2001
Percentile, full history40
Percentile, last 5 years36

The usual range is the middle half of readings since 2001. A percentile is the share of the 305 readings since 1 Apr 2001 that were below today's. Data: statistics, history (JSON); history as CSV.

To cite: tipsheet, “Real repo rate”, data to Aug 2026, https://tipsheet.markets/i/real-repo-rate/

Read it with

RBI repo rate 5.25%below usual
Banks' average rate on new loans 8.61%usual
Money supply (M3) growth 16.6%above usual
Bank lending to individuals, growth 16.2%usual

the usual range: the middle half of all readingstodayEach line runs from the lowest reading ever to the highest.