RBI MPC Decision: Repo Rate Maintained at 6.50%, Stance Shifted to Neutral
The Reserve Bank of India's Monetary Policy Committee, headed by the RBI Governor, decided by a majority to keep the policy repo rate unchanged at 6.50% while changing the monetary policy stance from 'withdrawal of accommodation' to 'neutral'. Inflation projections for FY26 were pegged at 4.5% with GDP growth projected at 7.2%.
- •Repo Rate: 6.50% | Standing Deposit Facility (SDF): 6.25% | Marginal Standing Facility (MSF): 6.75%.
- •MPC Composition: 6 members (3 from RBI, 3 external experts appointed by Central Government under Section 45ZB of RBI Act 1934).
- •Inflation target mandate: 4% (+/- 2% tolerance band) under the Consumer Price Index (CPI).