The Reserve Bank’s rate-setting panel is set to announce the outcome of the first bi-monthly monetary policy meet of the fiscal year. The meeting of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, started on Monday. The RBI MPC meeting comes amid the ongoing conflict in West Asia, which has led to a sharp increase in crude oil prices and a sharp depreciation of the rupee. Amid this, the RBI is expected to keep the rate unchanged at 5.25 per cent, and maintain policy stance at ‘Neutral’.
The RBI has cut rates by a total of 125 basis points since February 2025, marking its most aggressive easing cycle since 2019. It last reduced the rate by 25 basis points in December and maintained its status in its last meeting in February.
Check RBI MPC Meeting 2026 LIVE UPDATES
