Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for India
INDIR3TIB01STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.38
Year-over-Year Change
-20.30%
Date Range
12/1/2011 - 7/1/2025
Summary
The 3-Month or 90-Day Interbank Rates and Yields for India measure the short-term interest rates charged between banks in the Indian financial system. This metric is a key indicator of liquidity and credit conditions in the Indian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 3-Month or 90-Day Interbank Rates and Yields represent the interest rates that banks charge each other for short-term loans with a 3-month maturity. This reflects the overall cost of borrowing and lending in the Indian money market, which is an important benchmark for other interest rates and a signal of economic stability.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
Policymakers and analysts use this interbank rate to assess monetary policy and liquidity in the Indian financial system.
Key Facts
- The 3-month interbank rate is a key policy rate in India.
- Rates spiked in 2013 during the 'taper tantrum' period.
- The rate averaged around 7.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 3-Month or 90-Day Interbank Rates and Yields for India measure the short-term interest rates that banks charge each other for loans in the Indian money market.
Q: Why is this trend relevant for users or analysts?
A: This interbank rate is an important benchmark that reflects overall liquidity and credit conditions in the Indian financial system, making it a key indicator for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this interbank rate to assess monetary policy and liquidity conditions in the Indian economy.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Reserve Bank of India with minimal delays.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for India (INDIR3TIB01STM), retrieved from FRED.