RBI Policy
Then and now - movement of key data since MPC's Aug meet
This story was originally published at 15:34 IST on 6 October 2026
Register to read our real-time news.Informist, Tuesday, Oct. 6, 2026
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 August:
INDICATOR | LATEST | BEFORE AUGUST POLICY |
CPI inflation | 4.82% (August) | 4.38% (June) |
Core CPI inflation | 4.2% (August) | 4.1% (June) |
WPI inflation | 9.92% (August) | 9.87% (June) |
Indian crude oil basket (per barrel) | $116.09 (September) | $82.04 (July) |
Core sector growth | 4.8% (August) | 5.0% (June) |
IIP growth | 8.0% (August) | 7.3% (June) |
GDP growth | 7.8% (Apr-Jun) | 7.8% (Jan-Mar) |
GVA growth | 8.2% (Apr-Jun) | 7.9% (Jan-Mar) |
Manufacturing PMI | 55.1 (September) | 53.5 (July) |
Services PMI | 55.2 (September) | 53.1 (July) |
Banks' lending rate* | 8.96% (August) | 8.53% (June) |
Credit growth | 18.1% (Sept. 15) | 17.7% (Jul. 15) |
Exchange rate (average) | 95.46/$1 (September) | 95.8/$1 (July) |
India-US 10-year bond yield spread | 190 bps (Oct. 5) | 213 bps (Aug. 4) |
Fiscal deficit | 41.9% of FY27 Budget target (Apr-Aug) | 18.2% of FY27 Budget target (Apr-Jun) |
| Net durable liquidity balance | INR 13.94 trillion (Sept. 15) | INR 5.36 trillion (Jul. 15) |
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
End
US$1 = INR 96.42
Compiled by Pratiksha
Filed by Avishek Dutta
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