Central Bank RatesIndia policy rate in 2002 (2 changes)
Start of year8.50%
End of year7.50%Dec 31, 2002
Net change-100 bp0 hikes, 2 cuts
Average8.049%
Rank by level10 / 34
Changes in 2002
| Date | From | To | Change |
|---|---|---|---|
| Mar 28, 2002 | 8.50% | 8.00% | cut -50 bp |
| Nov 12, 2002 | 8.00% | 7.50% | cut -50 bp |
Compared with other areas at the end of 2002
44%
25%
21%
15.22%
13.5%
9.5%
8.9%
8.5%
8.25%
7.5%
7%
6.75%
6.5%
5.75%
5.63%
5.31%
5.25%
5%
4.75%
4.25%
4%
3.75%
3.25%
3.25%
3%
2.95%
2.75%
2.75%
2.75%
2.75%
2%
1.75%
1.25%
0.75%
Year-end rate over time
5.25%
5.25%
6.5%
6.5%
6.25%
4%
4%
5.15%
6.5%
6%
6.25%
6.75%
8%
7.75%
8%
8.5%
6.25%
4.75%
6.5%
7.75%
7.25%
6.25%
6%
7%
7.5%
8.5%
8%
2002: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.