Monetary Policy

RBI Monetary Policy Committee (MPC) meets to decide on India’s key interest rates. Key expectations from the meeting: Will RBI hold fire on rate cuts and opt for another pause? Outlook on inflation, growth & liquidity RBI’s stance on repo rate and borrowing costs Insights from Governor Shaktikanta Das on the Indian economy Watch the LIVE coverage of RBI’s policy announcement and expert analysis on how it impacts markets, banks, and borrowers.

RBI MPC Highlights: Governor Malhotra holds repo rate at 5.5%; inflation forecast cut to 2.6%, GDP growth raised to 6.8%

RBI MPC Meeting Highlights 2025: The unanimous decision to hold repo rate steady was announced by Governor Sanjay Malhotra as the central bank unveiled its fourth bi-monthly monetary policy of FY26, in the backdrop of strong economic growth and benign headline inflation.

Will easing inflation pave the way for more rate cuts?

A few economists are of the view that even though easing inflation and outlook might prompt the central bank to cut rates, a pause in the August policy cannot be ruled out after the 50 bps rate cut in the June policy.

Rate cuts still on table, says MPC member Saugata Bhattacharya

The change from ‘accommodative’ to ‘neutral’ in the June 6 policy does not 'preclude further rate cuts. Absolutely not,' said RBI rate setting panel's external member said

Going long on short bonds gets boost in India from RBI cash move

RBI's unexpected move to release Rs 2.5 trillion starting September may prompt lenders to favor shorter-tenor securities over longer-dated ones

RBI MPC cuts repo rate by 50 basis points to 5.5%, changes stance to neutral

The mega repo rate cut comes as retail inflation has softened significantly below the RBI's medium term target of 4%.

RBI MPC coming up: Here are 6 things to watch out for

Experts say that the MPC is meeting at a time when inflation has been relatively tamed, and the central now needs to support growth.

Martin Wolf: Interest rates are normal, the world is not

Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable

MPC Poll | RBI likely to cut repo rate by 25 bps in June policy

If the central bank cuts the rate in June policy, then it will the third consecutive rate cut after 25 bps cut each in February and April to support growth. Currently, the repo rate stands at 6.00 percent.

RBI shores up defence against global turbulence

The RBI ticked all the right boxes - the repo rate was cut further by 25bps to 6%, the stance was changed from neutral to accommodative and the RBI signalled that liquidity conditions would be kept in surplus to enable transmission

MPC cuts repo rate, signals more easing as US tariffs cloud global outlook

Easier monetary policy along with durable liquidity infusion will help ease financial conditions and enhance supply of credit in the economy

RBI MPC decision: Repo rate cut by 25 bps to support growth, stance changed to accommodative

The move is in line with a Moneycontrol poll of economists, treasury heads, and fund managers, which had predicted a 25 bps rate cut.

Sharp fall in OIS rates leads to deeper rate cut speculation

There is speculation among market participants that the RBI will cut repo rate by 25 bps in April policy, and b25 bps in June. But experts said that OIS rates are suggesting more than a 25 bps rate cut in April.

April 2025 MPC meeting: Expectations of rate cut amid easing inflation, global economic uncertainty

The current benchmark repo rate stands at 6.25 percent while the stance remains at “neutral”.

MC Poll| RBI likely to cut repo rate by 25 bps in April policy

Most experts are of the view that the central bank may continue with the ‘Neutral’ stance because it can allow the RBI to act on both sides on rate front. A section voted for a change in stance to "Accomodative” for a smooth transition of policy rates.

With inflation cooling, monetary policy will deliver growth support

India’s economic landscape is shifting as cooling inflation paves the way for a more accommodative monetary policy. With the RBI easing rates and liquidity conditions improving, policymakers are now focusing on reviving growth amid global uncertainties

RBI Cuts Repo Rate! Loan EMIs Slashed – How Much Will You Save? | Explained

Good news for borrowers! The RBI has cut the repo rate by 25 bps to 6.25%, making home, auto, and personal loans cheaper. Find out how much you’ll save on your EMI and who benefits the most. More rate cuts ahead? Watch now!

RBI rate cut, coupled with income tax relief to boost consumption and investment, say economists

Reserve Bank of India’s decision to cut policy rate by 25 bps, coupled with income tax relief delivered in the Union Budget should help boost consumption, experts believe.

Focussing on the spirit of the 'flexible' inflation target framework

Given the global unknowns, the path ahead for monetary policy remains uncertain. This is reflected in the MPC’s decision to keep its stance unchanged at neutral. This provides the central bank considerable degrees of freedom in terms of future rate response.

RBI rate cut will boost power demand, increase investments in energy projects

The repo rate cut is expected to boost India’s power demand, besides making it easier for power companies to finance new renewable energy projects. It could also mean improved financial health of distribution companies (discoms).

Focus on growth as inflation risks subside

It is important to note that RBI projects GDP growth of 6.7% in FY26, which is lower than the long-term trend rate. This raises the likelihood of further policy support. At the same time, a neutral stance gives RBI the flexibility to remain watchful of the evolving global dynamics and financial sector volatility.

MPC meet: RBI projects India's GDP growth at 6.7% for FY26

The Economic Survey 2025 estimated a real GDP growth of 6.4 percent in FY25, 20 bps lower than the projection by the RBI in its December monetary policy

RBI Monetary Policy Highlights 2025: Income tax cut to not have major impact on inflation, says RBI Governor

MPC voted unanimously to maintain 'neutral' policy stance, says RBI's Sanjay Malhotra; Jul-Sept GDP growth forecast to 7.0% from 7.3%; Jan-Mar CPI inflation forecast to 4.4% from 4.5% earlier

RBI Policy Today LIVE | RBI Monetary Policy LIVE | RBI Governor Sanjay Malhotra

The Reserve Bank of India (RBI) is set to announce its sixth and the last bi-monthly monetary policy of FY25 today. The meeting of the Monetary Policy Committee (MPC) headed by the new RBI Governor Sanjay Malhotra was scheduled from February 5 to 7 and the credit policy decision will be announced today. This will be the first RBI policy under the new Governor Sanjay Malhotra and also the first RBI MPC meeting after the Union Budget 2025-2026 was presented on February 1