Rbi monetary policy next date

RBI's MPC start deliberations on bi-monthly policy; to announce decision on Wednesday

Mumbai: The RBIGovernor Sanjay Malhotra-headed rate-setting panel on Monday started the three-day deliberations to decide the next bi-monthly monetary policy amid expectations of pause in the rate easing cycle.

The Reserve Bank of India (RBI) started the rate easing cycle in February and since then has reduced the short-term lending rate (repo) by 100 basis points in three tranches.

Governor Malhotra-headed six-member rate-setting panel -- the Monetary Policy Committee (MPC) -- is scheduled to announce the next bi-monthly policy rate on Wednesday (August 6).

Experts were of the opinion that the Reserve Bank may go in for a status quo this time and wait for more macro data after the announcement by the US to impose a 25 per cent tariff on Indian imports beginning August 7.

However, a section of industry players do hope for a 25 basis points rate cut on Wednesday.

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Bank of BarodaChief Economist Madan Sabnavis said the credit policy will not be based on the most recent developments of low inflationfor June and the 25 per cent US tariff.

In June, he said, the policy already wo

On 6-6-2025, the Reserve Bank of India (‘RBI’) released its Monetary Policy Statement for 2025-26, setting the new repo rate, decided at 55th meeting of by the Monetary Policy Committee (‘MPC’) held from 4-6-25 to 6-6-2025. The revised policy repo rate will be applicable from 6-6-2025.

In a meeting led by the Governor of RBI, Mr. Sanjay Malhotra, the MPC voted to reduce the policy repo rate by 50 basis points (bps) bringing it to 5.50%. This adjustment is initiated as part of RBI’s broader mandate to achieve a medium-term consumer price index (‘CPI’) inflation target along with achieving the sustained economic growth.

The reduction in repo rate marks a strategic shift in India’s monetary policy, reflecting confidence in inflation control and a commitment to economic growth. The consumers and businesses will benefit from lower borrowing costs, but the uncertainties of market remain, which will require a close monitoring of global and domestic factors.

The Standing Deposit Facility rate is now 5.25%, while the Marginal Standing Facility rate and Bank Rate have been adjusted at 5.75%.

The RBI has shifted its policy stance from ‘accommodative’ to ‘neutral’ indicatin

RBI MPC Meet August 2025: Date, time, and where to watch Governor Sanjay Malhotra’s policy statement

The Reserve Bank of India’s Monetary Policy Committee met between 4 and 6 August 2025 to assess the state of the economy. With global uncertainty weighing on India’s trade position, the outcome of this meeting is seen as particularly critical.

This review cycle comes at a time when India and the United States have failed to finalise a trade agreement. In response, US President Donald Trump announced a 25 percent tariff on Indian goods, citing India’s oil trade with Russia. The move has triggered concern across financial and policy circles, with fears of further tariffs in the near term.

RBI MPC Meet: Date and time

Governor Sanjay Malhotra will announce the outcome of the MPC meeting on Wednesday, 6 August 2025, at 10:00 AM IST.

The announcement will be streamed live on the Reserve Bank of India’s official YouTube channel and its social media platforms. The Press Information Bureau will also publish the decision and provide the livestream link. A press conference will follow, offering more insight into the central bank’s thinking.

What will the RBI announce for repo ra
RBI releases MPC schedule for FY26, first policy meeting to be held between April 7-9; Check full list
RBI MPC Schedule FY26: The Reserve Bank of India (RBI) released its monetary policy committee (MPC) schedule for the upcoming financial year 2025-26 (FY26), starting from April 1, 2025. The central bank highlighted in its schedule that the first policy meeting for FY26 will be conducted between April 7-9, 2025.
The RBI's rate-setting panel will then meet for its following policy meetings in June, August, October, December and February 2026. The last monetary policy meeting for FY26 will be held between February 5-7, 2026. Here are the dates of the central bank's MPC meetings to be held in FY26:
Also Read: RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy
--April 7-9, 2025
--June 4-6, 2025
--August 5-7, 2025
--September 29-October 1, 2025
--December 3-5, 2025
--February 4-6, 2026.
The six-member panel headed by RBI Governor Sanjay Malhotra has three external members. After deliberations on the prevailing domestic and economic situations, the MPC announces the bi-monthly monetary policy

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