Central bank discount rate: 6.25% (31 December 2016)
7.75% (31 December 2014)
note: this is the Indian central bank's policy rate - the repurchase rate
Definition: This entry provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds.
Source: CIA World Factbook - This page was last updated on July 9, 2017