RBI

Policy Rates

Last Updated:December 5, 2025

Rate	Current	Previous	Change
Bank Rate	5.50%	5.75%	Cut by 0.25%
Policy Repo Rate	5.25%	5.50%	Cut by 0.25%
Fixed Reverse Repo Rate	3.35%	3.35%	No Change
Marginal Standing Facility Rate	5.50%	5.75%	Cut by 0.25%
Standing Deposit Facility Rate	5.00%	5.25%	Cut by 0.25%

Reserve Ratios

Last Updated:November 29, 2025

Rate	Current	Previous	Change
CRR	3.00%	3.00%	No Change
SLR	18.00%	18.00%	No Change

Lending/Deposit Rates

Last Updated:March 6, 2026

Rate	Current	Previous	Change	As of
Base Rate	8.35% - 10.00%	8.35% - 10.30%	Revised	Oct 17, 2025
Savings Deposit Rate	2.50%	2.50% - 2.75%	Revised	Jul 18, 2025
Term Deposit Rate > 1 Year	6.00% - 6.60%	6.00% - 6.50%	Revised	Mar 6, 2026
MCLR (Overnight)	7.70% - 7.95%	7.80% - 7.95%	Revised	Jan 9, 2026

Market trends

Last Updated:March 6, 2026

Instrument	Rate / Yield	Previous	Change	As of
Money Market
Call Rates	4.50% - 5.15%	4.50% - 5.20%	Revised	Mar 6, 2026
Government Securities Market
6.36% GS 2031	6.3316%	6.3470%	Cut by 0.0154%	Mar 6, 2026
91 day T-bills	5.3126%	5.2998%	Hiked by 0.0128%	Mar 4, 2026
364 day T-bills	5.6000%	5.5863%	Hiked by 0.0137%	Mar 4, 2026
182 day T-bills	5.5350%	5.5096%	Hiked by 0.0254%	Mar 4, 2026
6.03% GS 2029	5.9473%	5.9437%	Hiked by 0.0036%	Mar 6, 2026
6.75% GS 2029	6.2253%	6.2955%	Cut by 0.0702%	Aug 29, 2025
6.48% GS 2035	6.6457%	6.6815%	Cut by 0.0358%	Mar 6, 2026
6.68% GS 2040	7.0592%	7.0862%	Cut by 0.027%	Mar 6, 2026
7.24% GS 2055	7.4015%	7.4007%	Hiked by 0.0008%	Mar 6, 2026
Capital Market
S&P BSE Sensex	80015.90	79116.19	Hiked by 899.71	Mar 6, 2026
Nifty 50	24765.90	24480.50	Hiked by 285.4	Mar 6, 2026