India Interest Rate. In India, interest rate decisions are taken by the Reserve Bank of India's Central Board of Directors. The official interest rate is the benchmark repurchase rate. In 2014, the primary objective of the RBI monetary policy became price stability, giving less importance to government's borrowing, Access historical data for India 10-Year Bond Yield free of charge. You'll find the closing yield, open, high, low, change and percentage change for the selected range of dates. The data is viewable in daily, weekly or monthly intervals. Sovereign Gold Bond Scheme Interest rate The government has fixed an interest rate on this scheme, with all investors eligible to earn an interest on their investment. The current interest rate stands at 2.75% per annum, with this interest paid every six months.