India - Money Market Rate
India: Money Market Rate
| Mnemonic | IRMM.IIND | |
|---|---|---|
| Unit | %, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Daily | ||
| Data | 17 Apr 2024 | 3.35 |
| 16 Apr 2024 | 3.35 | |
Series Information
| Source | Reserve Bank of India |
| Release | Monetary Policy |
| Frequency | Business Daily |
| Start Date | 8/30/2000 |
| End Date | 4/17/2024 |
India: Markets
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Monetary Policy Rate | 17 Apr 2024 | 6.5 | 6.5 | %, NSA | Daily |
| Money Market Rate | 17 Apr 2024 | 3.35 | 3.35 | %, NSA | Daily |
| Average Long-term Government Bond | 17 Apr 2024 | 7.06 | 7.05 | % p.a., NSA | Wednesday Weekly |
| Stock Market Index | 16 Apr 2024 | 72,943 | 73,399 | Index, NSA | Daily |
| Treasury Bills (over 31 days) | 17 Apr 2024 | 7.03 | 7.03 | % p.a., NSA | Wednesday Weekly |
| Lending Rate | 05 Apr 2024 | 6.75 | 6.75 | %, NSA | Friday Weekly |
Release Information
Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.
The Monetary Policy Committee constituted by the Central Government under Section 45ZB determines the policy interest rate required to achieve the inflation target. The commitee is required to meet at least four times in a year.
The Reserve Bank’s Monetary Policy Department assists the MPC in formulating the monetary policy. Views of key stakeholders in the economy, and analytical work of the Reserve Bank contribute to the process for arriving at the decision on the policy repo rate.
The Financial Market Committee meets on a daily basis to review the liquidity conditions to ensure that the operating target of monetary policy is kept close to the policy repo rate.
The data is final when published.
For more information: https://www.rbi.org.in/scripts/FS_Overview.aspx?fn=2752
