Economy & Bankingv9 · 9 versions
RBI Monetary Policy 2026
The Monetary Policy Committee is the six-member statutory panel, chaired by the RBI Governor, that sets India's policy repo rate to keep CPI inflation at 4 percent within a 2-6 percent band. At its 63rd meeting, ending 7 October 2026, it lifted the repo rate by 25 basis points to 5.50 percent - the first change of 2026 after four holds at 5.25 percent - and moved to a stance of calibrated tightening as food and fuel prices climbed.
Last updated 7 October 20267 min read
Latest update
Records the October hike to 5.50% and the shift to calibrated tightening, with new FY27 projections; adds the MPC's legal basis and inflation target, and trims stale prints.
- RBI
- MPC
- Sanjay Malhotra
- repo rate
- monetary policy
- West Asia conflict
- neutral stance
- inflation targeting
- Inflation Expectations Survey
- Consumer Confidence Survey
- forex reserves
- household surveys
- open market operations
- money supply M3
- Monetary Policy Committee
- calibrated tightening
- GDP projection
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