2026-W46 · compiled 2026-11-10 · data as of 2026-11-01
12 in range · 17 to watch · 9 in stress, of 38 tracked "In range", "to watch" and "in stress" follow rules
published with the data, not a judgement made here. Each figure below is the latest published
print of that indicator, not one week's worth of it — the dates differ because the sources do.
Policy repo rate5.50%+25 bp on 9 Oct 2026, from 5.25%30 Oct 2026 · the benchmark for every other rate in the economy
CPI inflation5.54%+0.71 pp on the previous print (31 Aug 2026)30 Sep 2026 · 1.54 pp above the 4% target, inside the 2–6% band
WPI inflation11.39%+1.47 pp on the previous print30 Sep 2026 · 5.85 pp above retail inflation
Liquidity (net LAF, 1-month avg)−₹1.44 lakh croreabsorption fell to ₹1.44 lakh crore from ₹2.69 lakh crore in 28 days1 Nov 2026 · 1-month average of daily net RBI operations
Credit growth minus deposit growth+1.51 ppcredit 18.23% vs deposits 16.72% on the same fortnight; credit down 1.15 pp and deposits down 1.11 pp on the previous print15 Oct 2026 · credit growing faster than deposits — banks fund the difference elsewhere
10-year G-sec yield7.45%+0.08 pp over 28 days30 Oct 2026 · what the market charges the government to borrow for ten years
Also · USD/INR95.25−1.36 (−1.4%) in 28 days30 Oct 2026 · rupees per US dollar, the rupee firmer on the month
Nothing here is real-time: the oldest prints this note leans on are WPI inflation (41 days); CPI inflation (41 days); Bank credit growth (26 days).
A negative net LAF figure means the RBI is absorbing liquidity from the banking
system; the sign carries the direction. Definitions for every term are in the
data
dictionary.