|Adjustments||Not Seasonally Adjusted|
|Data||03 May 2019||6.25|
|26 Apr 2019||6.25|
|Monetary Policy Rate||16 May 2019||6||6||%, NSA||Daily|
|Money Market Rate||16 May 2019||5.75||5.75||%, NSA||Daily|
|Stock Market Index||16 May 2019||37,393||37,114||Index, NSA||Daily|
|Lending Rate||03 May 2019||6.25||6.25||%, NSA||Friday Weekly|
|Average Long-term Government Bond||27 Mar 2019||6.39||6.42||% p.a., NSA||Wednesday Weekly|
|Treasury Bills (over 31 days)||27 Mar 2019||6.35||6.37||% p.a., NSA||Wednesday Weekly|
The bank rate is the standard rate at which the Reserve Bank of India is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under the Reserve Bank of India Act, 1934. Prime lending rates refer to the benchmark lending rates announced by banks for commercial credit.
Data are disseminated on the following:
With respect to a policy variable rate, the RBI gives interest rate signals through a number of interest rates, viz., the RBI's repo/reverse repo rate and the bank rate. As such, the RBI follows a multiple indicator approach to influence market rates of interest.
The maximum and minimum benchmark prime lending rates are provided as percentage and per annum basis. Bank rate is also annual percentages.
Source data collection programs
Data on prime lending rates are obtained by way of specific returns.
Other statistical procedures
No seasonal adjustments or estimations are done.
The data are final when first released and are not subject to revision.