RBI MPC Meeting 2025 LIVE: RBI Governor Sanjay Malhotra-led MPC to declare repo rate decision today. What to expect?

RBI MPC Meeting 2025 LIVE: The Reserve Bank of India (RBI) is set to announce its third bi-monthly monetary policy of FY26 today, 6 August 2025. The Monetary Policy Committee (MPC), headed by the RBI Governor Sanjay Malhotra, met from August 4 to August 6, and the repo rate decision will be announced later today.

The RBI is expected to keep the repo rate unchanged at 5.50%, having already frontloaded easing through both a rate cut and a 100 bps CRR reduction earlier this year. The policy stance is also expected to remain ‘Neutral’ with a dovish bias.

While the retail inflation is well contained, the underlying risks are still bubbling with the lingering global trade jitters. The RBI Governor’s commentary on growth and the impact of global macroeconomic situation will be watched.

In the June RBI policy, the central bank’s MPC surprised with a bumper 50 basis points (bps) cut in the repo rate to 5.50% from 6%. The MPC changed the policy stance to ‘Neutral’ from ‘Accommodative’, and also slashed the Cash Reserve Ratio (CRR) by 100 bps to 3% from 4% earlier.

Stay tuned to our RBI MPC Meeting LIVE Blog for the latest updates:

RBI MPC Meeting 2025 LIVE: RBI Governor Sanjay Malhotra will begin his monetary policy speech to announce the MPC meeting outcome at 10:00 AM IST on Wednesday, 6 August 2025. RBI will stream the announcement live via its official YouTube channel and social media accounts. The post-policy press conference will begin at 12:00 noon and will be streamed live. You can also watch the Governor’s speech on Livemint’s YouTube channel.

RBI MPC Meeting LIVE: We expect the RBI to maintain a pause on rates this time, given the significant 50 bps cut in June and the need for transmission. With global uncertainties rising especially in light of the proposed US tariffs, markets will be looking for a dovish tone and clear reassurance on growth support. Any indication of future rate flexibility, liquidity support, or downward inflation revision could buoy sentiment. Ultimately, the Governor’s commentary, especially on balancing domestic demand with external risks, will be the real signal for markets, said Gaurav Garg, Lemonn Markets Desk.

RBI MPC Meeting LIVE: After lofty moves in June, RBI may opt to wait and watch in August policy. That said, increasingly, the market is worrying on lack of demand for credit. We think that by September, the distribution of monsoon and its consequent impact on food inflation would be somewhat clear. Hence, we would still be pencilling an additional 50 bps of rate cut in FY26 post the Kharif season. It’s worth recalling that in both the 2015 and 2019 easing cycles, credit growth remained subdued despite ample liquidity, largely because the magnitude of rate cuts was modest, said Namrata Mittal, Chief Economist, SBI Mutual Fund.

RBI MPC Meeting LIVE: In the June RBI policy, the central bank’s MPC surprised with a bumper 50 basis points (bps) cut in the repo rate to 5.50% from 6%. The MPC changed the policy stance to ‘Neutral’ from ‘Accommodative’, and also slashed the Cash Reserve Ratio (CRR) by 100 bps to 3% from 4% earlier. RBI maintained FY26 GDP forecast at 6.5%, while FY26 CPI inflation estimates were cut to 3.7% from 4% earlier.

RBI MPC Meeting LIVE: The RBI is expected to keep the repo rate unchanged at 5.50%, having already frontloaded easing through both a rate cut and a 100 bps CRR reduction earlier this year. The policy stance is also expected to remain ‘Neutral’ with a dovish bias. The RBI Governor’s commentary on growth and the impact of global macroeconomic situation will be watched.

RBI MPC Meeting LIVE: RBI Governor Sanjay Malhotra will deliver his monetary policy speech at 10:00 AM, wherein he will announce the repo rate decision taken by the Monetary Policy Committee. The MPC’s meeting was scheduled from August 4 to 6.

RBI MPC Meeting LIVE: The Reserve Bank of India (RBI) is set to announce its third bi-monthly monetary policy of FY26 today, 6 August 2025. The Monetary Policy Committee (MPC), headed by the RBI Governor Sanjay Malhotra, met from August 4 to August 6, and the repo rate decision will be announced later today.

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