Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for India
IRSTCI01INM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.25
Year-over-Year Change
-7.41%
Date Range
1/1/1968 - 5/1/2025
Summary
This economic indicator tracks the interest rate on call money or interbank lending in India, which is the rate at which banks lend to each other for periods less than 24 hours. It provides insight into short-term liquidity conditions and credit markets.
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 call money/interbank rate is a key measure of the cost of immediate, overnight borrowing between banks in India. It reflects the supply and demand for short-term funds and is an important barometer of monetary policy and financial system stability.
Methodology
The data is collected directly from the Reserve Bank of India.
Historical Context
The call money rate is closely monitored by policymakers, banks, and investors to assess the effectiveness of monetary policy and overall financial conditions.
Key Facts
- The call money rate averaged 3.5% in 2022.
- The rate reached a high of 6.1% in 2022 amid tightening monetary policy.
- The Reserve Bank of India closely monitors the call money rate to guide its policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the interest rate on call money or very short-term interbank lending in India, which reflects the cost of immediate, overnight borrowing between banks.
Q: Why is this trend relevant for users or analysts?
A: The call money rate is a key barometer of liquidity conditions and credit markets in India, and is closely watched by policymakers, banks, and investors to assess monetary policy and financial system stability.
Q: How is this data collected or calculated?
A: The data is collected directly from the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: The call money rate is a important input for the Reserve Bank of India in formulating and assessing the effectiveness of its monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Reserve Bank of India on a regular basis with minimal delays.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for India (IRSTCI01INM156N), retrieved from FRED.