{
 "id": "in-curve",
 "name": "10y yield minus repo rate",
 "region": "india",
 "layer": "cycle",
 "unit": "pp",
 "cadence": "monthly",
 "state": "normal",
 "qualifier": "1.53 pp above",
 "threshold": {
  "label": "\u003c 0 for 3 months",
  "op": "lt",
  "value": 0
 },
 "distance": 1.53,
 "score": 88.3,
 "latest": {
  "period": "2026-07-01",
  "value": 1.53
 },
 "stale": false,
 "trend": "flattening",
 "publisher": "Reserve Bank of India, via OECD and FRED; RBI policy announcements",
 "series_code": "INDIRLTLT01STM minus policy repo rate",
 "licence": "OECD, CC BY 4.0",
 "description": "The ten-year government security yield, as a monthly average, minus the Reserve Bank of India's policy repo rate. A long yield below the policy rate means markets expect cuts, which has preceded slowdowns in India as elsewhere.",
 "points": [
  {
   "period": "2023-03-01",
   "value": 0.86
  },
  {
   "period": "2023-04-01",
   "value": 0.68
  },
  {
   "period": "2023-05-01",
   "value": 0.5125
  },
  {
   "period": "2023-06-01",
   "value": 0.554
  },
  {
   "period": "2023-07-01",
   "value": 0.6125
  },
  {
   "period": "2023-08-01",
   "value": 0.685
  },
  {
   "period": "2023-09-01",
   "value": 0.672
  },
  {
   "period": "2023-10-01",
   "value": 0.85
  },
  {
   "period": "2023-11-01",
   "value": 0.77
  },
  {
   "period": "2023-12-01",
   "value": 0.724
  },
  {
   "period": "2024-01-01",
   "value": 0.7025
  },
  {
   "period": "2024-02-01",
   "value": 0.59
  },
  {
   "period": "2024-03-01",
   "value": 0.568
  },
  {
   "period": "2024-04-01",
   "value": 0.65
  },
  {
   "period": "2024-05-01",
   "value": 0.554
  },
  {
   "period": "2024-06-01",
   "value": 0.5225
  },
  {
   "period": "2024-07-01",
   "value": 0.5075
  },
  {
   "period": "2024-08-01",
   "value": 0.41
  },
  {
   "period": "2024-09-01",
   "value": 0.3325
  },
  {
   "period": "2024-10-01",
   "value": 0.285
  },
  {
   "period": "2024-11-01",
   "value": 0.312
  },
  {
   "period": "2024-12-01",
   "value": 0.2775
  },
  {
   "period": "2025-01-01",
   "value": 0.258
  },
  {
   "period": "2025-02-01",
   "value": 0.2325
  },
  {
   "period": "2025-03-01",
   "value": 0.4325
  },
  {
   "period": "2025-04-01",
   "value": 0.205
  },
  {
   "period": "2025-05-01",
   "value": 0.272
  },
  {
   "period": "2025-06-01",
   "value": 0.3075
  },
  {
   "period": "2025-07-01",
   "value": 0.85
  },
  {
   "period": "2025-08-01",
   "value": 1.022
  },
  {
   "period": "2025-09-01",
   "value": 1.085
  },
  {
   "period": "2025-10-01",
   "value": 0.982
  },
  {
   "period": "2025-11-01",
   "value": 1.0375
  },
  {
   "period": "2025-12-01",
   "value": 1.1325
  },
  {
   "period": "2026-01-01",
   "value": 1.482
  },
  {
   "period": "2026-02-01",
   "value": 1.52
  },
  {
   "period": "2026-03-01",
   "value": 1.59
  },
  {
   "period": "2026-04-01",
   "value": 1.8
  },
  {
   "period": "2026-05-01",
   "value": 1.77
  },
  {
   "period": "2026-06-01",
   "value": 1.64
  },
  {
   "period": "2026-07-01",
   "value": 1.53
  }
 ],
 "url": "https://worldstat.us/indicator/in-curve"
}