RBI Policy
Then and now - movement of key data since MPC's Oct meet
This story was originally published at 13:42 IST on 4 December 2025
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MUMBAI – The following are changes in some key economic indicators monitored by the Reserve Bank of India's Monetary Policy Committee since it last met in October:
|
INDICATOR |
LATEST |
BEFORE OCTOBER POLICY |
|
CPI inflation |
0.25% (October) |
2.07% (August) |
|
Core CPI inflation |
4.4% (October) |
4.1% (August) |
|
WPI inflation |
(-)1.21% (October) |
0.52% (August) |
|
Indian crude oil basket (per barrel) |
$64.31 (November) |
$69.64 (September) |
|
Core sector growth |
0.0% (October) |
6.3% (August) |
|
IIP growth |
0.4% (October) |
4.0% (August) |
|
GDP growth |
8.2% (Jul-Sept) |
7.8% (Apr-Jun) |
|
GVA growth |
8.1% (Jul-Sept) |
7.6% (Apr-Jun) |
|
Manufacturing PMI |
56.6 (November) |
58.5 (September flash figure) |
|
Services PMI |
59.8 (November) |
61.6 (September flash figure) |
|
Banks' lending rate* |
8.64% (October) |
8.80% (July) |
|
Credit growth@ |
11.4% (Nov. 14) |
10.3% (Sept. 5) |
|
Exchange rate (average) |
88.9/$1 (November) |
88.3/$1 (September) |
|
India-US 10-year bond yield spread |
245 bps (Dec. 3) |
242 bps (Sept. 30) |
|
Fiscal deficit |
52.6% of FY26 Budget target (Apr-Oct) |
29.9% of FY26 Budget target (Apr-Jul) |
| Net durable liquidity balance | INR 3.61 trillion (Nov. 14) |
INR 4.66 trillion (Sept. 5) |
Sources: Clearing Corp. of India Ltd., Cogencis Information Services Ltd., Controller General of Accounts, S&P Global, Ministry of Commerce and Industry, Ministry of Statistics and Programme Implementation, Petroleum Planning and Analysis Cell, Reserve Bank of India, US Department of Treasury
* Banks' weighted average lending rate for fresh rupee loans
@ Includes HDFC Bank's credit numbers after merger with parent Housing Development Finance Corp.
End
US$1 = INR 90.00
Compiled by Shubham Rana
Filed by Vandana Hingorani
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