Financial Literature

Reserve Bank of India

RBI DBIE — India's repo rate, rupee, inflation and banking statistics — the RBI's database, browser export

For Indian monetary and banking series from the source — the repo rate, the RBI reference rate for USD/INR, bank credit, money supply, foreign exchange reserves — when the World Bank or FRED mirrors are too coarse or too slow.

ratesmacrofxmoneyIndia
Asset classesrates · macro · fx · money
Frequencydaily → annual
History1990s → today
Limit · costNo key · browser export (the portal is a JavaScript app)
KeyNo key
Formats · pull withbrowser · xlsx · csv — browser, excel
LicenceFree to use with attribution to the Reserve Bank of India.
RedistributeWith attribution; check series notes
Best for“India's repo rate and the RBI's reference exchange rates” · “Bank credit and deposit growth”
When to use it

Reach for it when…

For Indian monetary and banking series from the source — the repo rate, the RBI reference rate for USD/INR, bank credit, money supply, foreign exchange reserves — when the World Bank or FRED mirrors are too coarse or too slow.

Not for: Automated pulls (the portal is a JavaScript application; export by hand), Indian CPI and GDP (MOSPI), Indian equities (NSE or a market-data API).

How to read it

Units, revisions, traps

Units. Rates in percent; USD/INR in rupees per dollar; credit and money in ₹ crore (1 crore = 10 million); reserves in US$ millions.

Revisions. Banking data are revised in the following fortnight's release.

  • Crore and lakh units — convert before comparing with anything else.
  • The financial year runs April–March; 'FY26' means April 2025 to March 2026.
  • Weekly banking data are for the fortnight ending on alternate Fridays.

Classic mistake: Reading ₹ crore as ₹ millions (a factor of ten).

How to use it in your own work

Three recipes

Each recipe: Python · Excel · Sheets, with how to read the result. Python recipes run under pandas; recipe 1 is re-run by the weekly check where the source allows it.

How to use it in your own work

Copy the snippet, change the series id, read the result the way the footer says. Replace YOUR_…_KEY with your own key where one is needed.

Recipe 1Browser export, then pandas

# data.rbi.org.in → Statistics → select a table (e.g. Key Rates) → Export (xlsx/csv), then
import pandas as pd
df = pd.read_excel("RBI_export.xlsx", skiprows=3)
print(df.head())
How to read the resultLook for the unit line: crore, lakh or millions change the number by orders of magnitude.

Recipe 2The same headline series by script (mirrors)

# FRED mirrors the Indian policy rate (INTDSRINM193N, discount rate) and USD/INR (DEXINUS)
import pandas as pd
u = "https://fred.stlouisfed.org/graph/fredgraph.csv?id=DEXINUS"
df = pd.read_csv(u, index_col="observation_date", parse_dates=True, na_values=".")
print(df.dropna().tail())
How to read the resultDEXINUS is the New York noon rate, not the RBI reference rate; they differ by a few paise.

Recipe 3World Bank for the annual picture

import requests, pandas as pd
u = "https://api.worldbank.org/v2/country/IN/indicator/FP.CPI.TOTL.ZG?format=json&mrv=10"
df = pd.DataFrame(requests.get(u, timeout=30).json()[1])
print(df[["date", "value"]])
How to read the resultAnnual averages hide the monthly swings that move the RBI; use them for cross-country context only.

Series → question map

The ids we use from RBI DBIE, each with the question it answers. The catalog's compare view reads the concept tags behind these rows.

SeriesAnswersRegionConcept
Key Rates · Repo RateWhat is India's repo rate?Indiapolicy_rate
Reference Rate · USD/INRRupees per dollar, RBI referenceIndiafx_usd
Bank CreditIs bank credit growing?Indiabank_lending
Foreign Exchange ReservesHow large are India's reserves?Indiareserves

Compare with

Same question, different source: BOK ECOS, BNM OpenAPI, World Bank Indicators API. The compare view lines up coverage, frequency, history and access side by side and lists what the combination makes possible.

Open compare: RBI DBIE · BOK ECOS · BNM OpenAPI →

Questions readers ask

Is there an RBI API?

Not a public documented one. DBIE exports tables to Excel and CSV from the browser.

Where is Indian CPI?

MOSPI (mospi.gov.in) publishes CPI monthly; the RBI republishes it in DBIE with a lag.

Why do RBI and FRED rupee rates differ?

Different fixings: the RBI reference rate is a Mumbai midday fix; FRED's DEXINUS is the New York noon rate.

Educational only — we explain, we never advise · snippet licence: public domain · corrections to [email protected], fixed within a day and logged in the changelog.