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RBI MPC Meeting LIVE Updates: The Reserve Bank of India (RBI) announced its second bi-monthly monetary policy of FY26 today, 6 June 2025. The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) meeting was scheduled from June 4 to 6, and the repo rate decision was announced today. The June RBI policy meeting comes at a time when the domestic retail inflation is in the central bank’s 2% - 4% medium-term target range, while support is required to boost economic growth.

The RBI Governor Sanjay Malhotra-led MPC decided to cut the repo rate by a bumper 50 basis points (bps) to 5.50% from 6.00%. This was higher than the Street estimates, and RBI’s third consecutive repo rate cut. RBI Governor also announced taht the MPC  decided to change policy stance to ‘Neutral’ from ‘Accommodative’. The MPC also cut the Cash Reserve Ratio (CRR) by 100 bps to 3% from 4% earlier.

Stay tuned to our RBI Monetary Policy Committee Meeting LIVE blog for the latest updates.

RBI MPC Meeting LIVE: Front loading of rate cuts by RBI addresses the need to spur growth as short end rates come down aggressively which in turn will assist corporate borrowing through capital markets for the short end. However, we see a large curve steepening as long end rates remain relatively unchanged with RBI stance changing to neutral from accommodative. This implies that further room to cut rates remain limited and data dependent. A balanced policy encouraging growth, said Vishal Goenka, Co-Founder of IndiaBonds.com.

Fixed deposit rates to come down sharply as banks transmit this rate cut. Investors should look at 2-3 year corporate bonds for their portfolio as they continue to offer good spreads over government and FD rates and interest rates will come down more gradually for corporate bonds, he added.

RBI MPC Meeting LIVE: Madhavi Arora, Chief Economist, Emkay Global Financial Services said that the RBI appears to have front-loaded all policy actions, be it higher-than-expected rate cuts or infusing durable albeit staggered liquidity via lower CRRs.

“All of that now implies that the ball is in the banks’ court to transmit easier financial conditions faster,” said Arora.

RBI MPC Meeting LIVE: The outlook for inflation points towards benign prices across major constituents. Inflation expectations are showing a moderating trend, more so for the rural households. Most projections point towards continued moderation in the prices of key commodities, including crude oil. Notwithstanding these favourable prognoses, we need to remain watchful of weather-related uncertainties and still evolving tariff related concerns with their attendant impact on global commodity prices, said RBI Governor.

RBI MPC Meeting LIVE: The healthy balance sheets of banks and corporates; government’s continued thrust on capex; elevated capacity utilisation; improving business optimism and easing of financial conditions should help further revive investment activity, says RBI Governor Malhotra.

Spillovers emanating from protracted geopolitical tensions, and global trade and weather-related uncertainties pose downside risks to growth, he added.

RBI MPC Meeting LIVE: The Indian stock market rebounded from early losses to trade higher after the announcement of RBI policy. The Sensex was trading 530.93 points, or 0.65%, higher at 81,972.97, while the Nifty 50 was up 168.95 points, or 0.68%, at 24,919.85. Bank Nifty index also jumped on announcement of CRR cur of 100 bps. Bank Nifty rallied 684.60 points, or 1.23%, to 56,447.50.

RBI MPC Meeting LIVE: Stress in unsecured loans and credit card portfolios has abated, says RBI Governor Malhotra.

RBI MPC Meeting LIVE: Forex reserves stand at $691.5 billion as of May 30, sufficient to fund more than 11 months of imports and 96% of external debt. Net services, remittances are likely to remain in surplus, says RBI Governor Malhotra.

RBI MPC Meeting LIVE: Core inflation remains largely stable, except benign prices for major items going forward, says RBI Governor Malhotra.

RBI MPC Meeting LIVE: RBI to cut CRR in four tranches of 25 bps each starting from September 6, October 4, November 1 and November 29 this year. CRR cut to release primary liquidity of ₹2.5 lakh crore in the banking system, says RBI Governor Sanjay Malhotra

RBI MPC Meeting LIVE: RBI Governor  Sanjay Malhotra also announced that the MPC decided to cut the Cash Reserve Ratio (CRR) by 100 basis points (bps) to 3% from 4% earlier. 

RBI MPC Meeting LIVE: RBI cuts FY26 CPI inflation estimates to 3.7% from 4% earlier. Here are quarterly estimates:

> Q1FY26: Cut to 2.9% from 3.6%

> Q2FY26: Cut to 3.4% from 3.9%

> Q3FY26: Raised to 3.9% from 3.8%

> Q4FY26: Maintained at 4.4%

RBI MPC Meeting LIVE: RBI maintains GDP forecast for FY26 at 6.5%. Here’s quarterly estimates:

FY26 at 6.5%

> Q1FY26 at 6.5%

> Q2FY26 at 6.7%

> Q3FY26 at 6.6%

> Q4FY26 at 6.3%

RBI MPC Meeting LIVE: FY26 inflation now seen at 3.7% as against 4% earlier, says RBI Governor

RBI MPC Meeting LIVE:  The RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) also decided to change the policy stance to ‘Neutral’ from ‘Accommodative’. 

RBI MPC Meeting LIVE: The Reserve Bank of India (RBI) decided to cut the repo rate by 50 basis points (bps) to 5.50% from 6.00% earlier. This is the central bank’s third consecutive repo rate cut.

RBI MPC Meeting LIVE: Last mile of inflation is turning out little more protracted. Global backdrop remains fragile, says RBI Governor Sanjay Malhotra.

RBI MPC Meeting LIVE: RBI Governor Sanjay Malhotra begins his monetary policy speech

RBI MPC Meeting LIVE: The losses in the Indian stock market intensified ahead of the RBI monetary policy announcement. The Sensex was trading 255.97 points, or 0.31%, lower at 81,186.07, while the Nifty 50 was down 58.15 points, or 0.23%, at 24,692.80. Bank Nifty index dropped 131.75 points, or 0.24%, to 55,644.30.

RBI MPC Meeting LIVE: The real estate sector is hopeful for a supportive policy measure with further rate cut as it would be highly encouraging for homebuyers and developers alike. With construction costs on the rise affecting capital flows, lower interest rates would also ease financing pressures for developers. Overall, a further rate cut would strengthen market confidence, infuse much-needed liquidity, and also act as a strong signal of policy support for the real estate sector and the broader economy, thereby encouraging investments, said Ramani Sastri - Chairman & MD, Sterling Developers.

RBI MPC Meeting LIVE: The MPC is likely to maintain a cautious view and deliver a 25bps rate cut. Incremental rate cuts will depend on the RBI’s potential growth target; we will watch out for the governor’s commentary on growth. In our base case, we expect the terminal rate at 5.5% in this cycle, said Hitesh Suvarna, Economist at JM Financial.

RBI MPC Meeting LIVE: The Indian stock market opened flat ahead of RBI policy today. The Sensex opened 7.80 points, or 0.01%, lower at 81,434.24, while the Nifty 50 opened down 2.20 points, or 0.01%, at 24,748.70. Bank Nifty fell 64.85 points, or 0.12%, to open at 55,655. Rupee also depreciated against the US dollar. The local currency opened 7 paise lower at 85.87 per USD as against its previous close of 85.80.

RBI MPC Meeting LIVE: The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) meeting was scheduled from June 4 to 6, and the repo rate decision will be announced today. RBI Governor Sanjay Malhotra will begin his policy speech at 10:00 AM today. You can watch the RBI governor speech on Livemint’s YouTube channel. Click on the below link to watch RBI policy live

RBI MPC Meeting LIVE: The RBI is expected to cut the repo rate by 25 basis points to 5.75% to support economic growth while keeping inflation in check. It may maintain its accommodative stance, and a potential downward revision in inflation forecasts could raise expectations of further rate cuts. With inflation remaining below the 4% target, the central bank is likely to prioritize growth, making a rate cut a strong possibility. Anticipation of a rate cut is likely to benefit the bond market, as falling interest rates typically lead to a rise in bond prices. Yields, especially on government securities, may decline further, enhancing returns for existing bondholders and boosting demand for fixed-income assets, said Suresh Darak, Founder, Bondbazaar.

RBI MPC Meeting LIVE: A further 25-bps reduction in the repo rate is expected at the June RBI MPC meeting, while retaining an accommodative stance. Falling inflation will give the RBI the flexibility to prioritise growth amidst external headwinds. While growth momentum has improved, challenges like uneven consumption recovery, muted private capex growth, and subdued manufacturing growth remain. CPI inflation is expected to stay comfortable in FY26. This opens room for further monetary policy easing. We expect the RBI MPC to cut the policy rate by another 50 bps in FY26 (including 25 bps in June), with chances of a deeper rate cut cycle if growth falters, said CareEdge Ratings.

RBI MPC Meeting LIVE: The RBI Governor Sanjay Malhotra-led MPC is widely expected to cut the repo rate by 25 basis points (bps) to 5.75% from 6.00%. This would be RBI’s third consecutive repo rate cut, if delivered. RBI Governor’s commentary on inflation trajectory and outlook on GDP growth will be crucial, given the mixed global cues amid a favorable domestic environment.

RBI MPC Meeting LIVE: Here are the key takeaways of the April RBI Policy today:

1] Policy Measures:

Repo rate cut by 25 bps to 6%

Policy stance unchanged at ‘Accommodative’

SDF rate reduced to 5.75%

MSF rate reduced to 6.25%

MPC members unanimously voted to reduce the policy repo rate

2] GDP Growth Estimates:

RBI projects FY26 GDP growth at 6.5% versus 6.7% earlier; Here are quarterly estimates:

FY26 at 6.5%

Q1FY26 at 6.5%

Q2FY26 at 6.7%

Q3FY26 at 6.6%

Q4FY26 at 6.3%

3] CPI Inflation Forecast

CPI inflation for FY26 is projected at 4% from 4.2% earlier. Here are quarterly projections:

Q1FY26 at 3.6%

Q2FY26 at 3.9%

Q3FY26 at 3.8%

Q4FY26 at 4.2%

4] Additional Measures

> To enable securitisation of stressed assets through market-based mechanism

> Extended the scope of co-lending to all regulated entities and to all loans

> To issue comprehensive regulations on prudential norms and conduct related aspects for gold loans

> Harmonise the regulations governing non-fund-based facilities across regulated entities

> NPCI will decide the transaction limits in UPI for person to merchant transactions

> Proposed to make Regulatory Sandbox theme-neutral and ‘on-tap’

RBI MPC Meeting LIVE: Here are the current policy rates:

Repo Rate: 6.00%

Standing Deposit Facility Rate: 5.75%

Marginal Standing Facility Rate: 6.25%

Bank Rate: 6.25%

Fixed Reverse Repo Rate: 3.35%

CRR: 4.00%

SLR: 18.00%

RBI MPC Meeting LIVE: The Monetary Policy Committee (MPC) was scheduled to meet from June 4 to 6. The MPC consists of three members from the RBI and three external members appointed by the government. The RBI members are Governor Sanjay Malhotra, Deputy Governor M Rajeshwar Rao, and Executive Director Rajiv Ranjan.

The external members are Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi; Shri Saugata Bhattacharya, Economist, Mumbai; and Professor Ram Singh, Director, Delhi School of Economics, Delhi.

RBI MPC Meeting LIVE:The Reserve Bank of India (RBI) will announce its second bi-monthly monetary policy of FY26 today, 6 June 2025. The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) meeting was scheduled from June 4 to 6, and the repo rate decision will be announced today.

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