RBI MPC Meeting 2025 LIVE: RBI keeps repo rate unchanged at 5.5%; stance remains neutral

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: Core inflation remains steady around 4% mark, says RBI Governor Sanjay Malhotra

RBI MPC Meeting 2025 LIVE: RBI keeps repo rate unchanged at 5.5%; monetary policy stance remains ‘Neutral’

RBI MPC Meeting 2025 LIVE: RBI keeps repo rate unchanged at 5.5%

RBI MPC Meeting 2025 LIVE: Watch RBI Governor Sanjay Malhotra’s monetary policy speech live on Livemint’s YouTube channel here

RBI MPC Meeting 2025 LIVE: As the real estate sector continues to benefit from improved buyer sentiment and strong housing demand, we look forward to a supportive stance from the RBI in the upcoming monetary policy. We are hopeful of a further rate cut as it would be highly encouraging for homebuyers and developers alike, potentially boosting affordability and investments in the real estate sector. With construction costs on the rise affecting capital flows, lower interest rates would also ease financing pressures for developers, said Ramani Sastri - Chairman & MD, Sterling Developers.

RBI MPC Meeting 2025 LIVE: The consensus view of ‘no rate cut’ in August appears to emanate more from the June policy guidance rather than the present macro realities. However, we believe there are enough reasons for the RBI to deviate from its previous guidance, deliver a further 25 bps easing in August, and be more open-ended in its policy approach / guidance for further easing ahead. Notwithstanding the “done for now” RBI guidance in June, what the last MPC meeting taught us was that macro resets would evidently need front-loaded policy action than a back-loaded one, said Madhavi Arora, Lead Economist at Emkay Global Financial Services Ltd.

RBI MPC Meeting 2025 LIVE: The Indian stock market benchmark indices opened flat with a negative bias on Wednesday, ahead of the RBI monetary policy today. The Sensex opened 15.27 points, or 0.02%, lower at 80,694.98, while the Nifty 50 eased 8.20 points, or 0.03%, to open at 24,641.35. Bank Nifty index opened 30.45 points, or 0.06%, lower at 55,329.80. Meanwhile the Indian rupee opened 8 paise higher at 87.72 per US dollar as against its previous close of 87.80.

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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