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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Cash Reserve Ratio held to 3.0% in June 2026
FMPMonthlyReleased June 2026
India Cash Reserve Ratio held to 3.0% in June 2026. The reading matched the 3.0% consensus. The print is running well below the 12-month average of 3.77%. Cash Reserve Ratio is now the lowest in 68 months.
Latest Release
3
Actual
3
Consensus
3
Previous
Median Absolute Error
±0 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 3
Actual: 3
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Bullish INR | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Cash Reserve Ratio (India) was reported at 3% in June 2026. This matched the market consensus of 3% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through June 2026.
WHY IT MATTERS
The trailing three releases averaged 3%, down from the prior three at 3.58%. In June readings over the past 3 years, Cash Reserve Ratio has averaged 3.5%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MPC Meeting Minutes (Jun 19) and Monetary Policy Meeting Minutes (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Cash Reserve Ratio - IN
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About Cash Reserve Ratio — India
DEFINITION
The Cash Reserve Ratio (CRR) is a financial indicator used by central banks to regulate the amount of cash that commercial banks must hold in reserve. This ratio is set by the central bank and serves as a tool to control the money supply in the economy. By adjusting the CRR, the central bank can influence the lending capacity of commercial banks and ultimately impact the overall economic activity. A higher CRR means that banks have less money available to lend, while a lower CRR allows for more lending and can stimulate economic growth. The CRR is an important tool in monetary policy and is closely monitored by financial institutions and investors.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 3 %, consensus 3 %. Prior reading (Apr 2026): 3 %. Before that (Feb 2026): 3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with USD/INR (Bullish INR, r=-0.50) — a useful reference for forex-focused traders.