RBI Monetary Policy Meeting August 2025: Date, time, what to expect from Governor Sanjay Malhotra on repo rate announcement

Presided over by RBI Governor Sanjay Malhotra, this session gains added significance amid mounting global trade friction—most notably, the United States' recent move to impose a 25% tariff on Indian exports

The Reserve Bank of India’s Monetary Policy Committee (MPC) kicked off its three-day meeting on Monday, August 4, to assess the country's lending rates and overall economic outlook. The outcome of this crucial review will be announced on Wednesday, August 6.

Presided over by RBI Governor Sanjay Malhotra, this session gains added significance amid mounting global trade friction—most notably, the United States' recent move to impose a 25% tariff on Indian exports.

Held every two months, the MPC meeting evaluates macroeconomic indicators such as inflation, credit flow, and money supply before framing its decisions. Since February, the RBI has slashed the repo rate by 100 basis points cumulatively.

ALSO READ: RBI Monetary Policy Meeting LIVE

RBI policy announcement: Date and timing

The MPC meet began on August 4 and will conclude on August 6. The policy outcome will be revealed by Governor Sanjay Malhotra at 10:00 AM on Wednesday, marking his fourth monetary policy announcement since taking over from Shaktikanta Das.

What to expect from August MPC meeting

SBI Research, in its report titled ‘Prelude to MPC Meeting: August 4–6, 2025’, has forecast another 25 basis point cut in the repo rate. The report takes into account recent trends like tariff shocks, projected inflation for FY27, and anticipated festive season demand in FY26.

The SBI note warns against policy inaction in the current scenario, stating: “No point in committing a Type 2 error today by not cutting rates in August, as inflation will continue to remain range-bound even in FY27.”

SBI also analysed historical data around Diwali and observed that repo rate cuts ahead of the festive season have consistently spurred stronger credit growth leading up to the holiday.

Where to watch the RBI Monetary policy live?

Governor Malhotra’s policy address will be streamed live on the Reserve Bank of India’s official YouTube channel. It will also be available on the RBI’s social media handles, including X (formerly Twitter) and Facebook.

In addition, NDTV Profit will broadcast the address live from 10:00 AM. Viewers can also follow the NDTV Profit website for real-time updates or check the channel’s YouTube stream. The post-policy press conference is scheduled for noon on August 6.

RBI MPC calendar for 2025–26

Following this August meeting, the remaining MPC sessions for the financial year are scheduled for:

• September 29 to October 1, 2025
• December 3 to 5, 2025
• February 4 to 6, 2026