The official figures behind the market's backdrop: CPI inflation, the RBI's repo rate, GDP and industrial growth, GST collections and the rupee. Updated each evening from MoSPI, the RBI and GSTN.
CPI inflation
5.54%
September 2026
Up 0.71 pts from August
Food inflation
7.36%
September 2026
Up 1.68 pts from August
Repo rate
5.50%
RBI policy rate
Raised 25 bps on 7 Oct 2026
GDP growth
7.8%
Apr–Jun 2026, real
Previous quarter: 8.6%
Industrial output (IIP)
8.0%
August 2026, year on year
July: 7.4%
GST collections
₹2.04
lakh crore, September 2026
Up 14.7% on a year earlier
Rupee
₹94.82
per US dollar, 22 Oct 2026
₹0.89 stronger than a month ago
CPI inflation and the repo rateJan 2021 – Oct 2026
CPI inflationFood and beveragesRepo rateRBI tolerance band, 2–6%
Year-on-year consumer price inflation for All India, rural and urban combined, against the RBI's policy repo rate. The shaded band is the RBI's tolerance range around its 4% target. From January 2026 the CPI is on its new 2024 base, so the figures either side of the dashed line come from different series. The repo rate of 5.50% against inflation of 5.54% in September 2026 leaves a real policy rate of −0.04 points.
GDP growth by quarterQ1 FY24 – Q1 FY27
Real GDP growth over the same quarter a year earlier, by quarter of India's fiscal year (April to March). These are on the 2022-23 base that MoSPI introduced in February 2026; its back series for earlier years is still to come.
Industrial production growth (IIP)Apr 2023 – Aug 2026
Year-on-year growth of the general Index of Industrial Production (2022-23 base), covering mining, manufacturing and electricity. Each month's figure comes out about four weeks after the month ends.
CGST, SGST and IGST together, from GSTN's monthly revenue report. April is usually the year's highest month, because it collects tax on March, when the financial year closes. The compensation cess, wound down in 2025-26, is left out throughout, so older months differ from the totals published then.
Rupee per US dollarOct 2021 – Oct 2026
Rupees per US dollar at the close, sampled weekly. A higher line means a weaker rupee.
Macro data moves slowly, and prices often adjust before a release. Use these figures as background to the market timing read. Inflation and repo decisions tend to reach banks, NBFCs, realty and autos first, and sectors by stage shows where those groups stand today.
India macro: quick answers
What is India's inflation rate now?
India's CPI inflation was 5.54% in September 2026, year on year, up 0.71 percentage points from August 2026. Food inflation was 7.36%. The RBI targets 4%, with a tolerance band of 2% to 6%.
What is the RBI repo rate today?
The RBI's policy repo rate is 5.50%. The RBI last changed it on 7 Oct 2026, raising it by 25 basis points.
What is India's GDP growth rate?
7.8% in Q1 FY27 (Apr–Jun 2026): real GDP against the same quarter a year earlier, on MoSPI's 2022-23 base.
What is India's latest industrial production (IIP) growth?
8.0% in August 2026, year on year, for the general Index of Industrial Production (2022-23 base).
What were GST collections last month?
Gross GST collections were ₹2,03,521 crore (₹2.04 lakh crore) in September 2026, up 14.7% on a year earlier. GSTN publishes each month's figure on the 1st of the next month.
What is the rupee to US dollar rate today?
₹94.82 per US dollar at the close on 22 Oct 2026.
When is the next CPI inflation release?
MoSPI is due to publish October's CPI inflation on 12 Nov 2026. This page updates the same evening.
Sources: Ministry of Statistics and Programme Implementation (CPI, IIP, GDP), the Reserve Bank of India (repo rate) and the Goods and Services Tax Network (GST). The rupee is the market rate at the close. Latest periods: CPI Sep 2026, IIP Aug 2026, GDP Apr–Jun 2026.