Central Bank RatesIndia policy rate in 2003 (2 changes)
Start of year7.50%
End of year7.00%Dec 31, 2003
Net change-50 bp0 hikes, 2 cuts
Average7.092%
Rank by level9 / 36
Changes in 2003
| Date | From | To | Change |
|---|---|---|---|
| Mar 7, 2003 | 7.50% | 7.10% | cut -40 bp |
| Mar 19, 2003 | 7.10% | 7.00% | cut -10 bp |
Compared with other areas at the end of 2003
26%
21.25%
16.5%
16%
12.5%
9%
8%
7.25%
7%
6.75%
6.65%
6.12%
5.31%
5.25%
5.25%
5.2%
5.16%
5%
4.5%
3.75%
3.75%
3.25%
3.25%
2.75%
2.75%
2.5%
2.5%
2.25%
2.25%
2.15%
2%
2%
1.75%
1.25%
1%
0.375%
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%
2003: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.