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RBI MPC Repo Rate News Highlights: Malhotra & co rules out rate cut chances in near term, says RBI to ensure rupee finds its ‘correct value’
07 Oct 2026 | 03:22:33 PM IST
RBI hikes repo rate by 25 bps to 5.50%; track latest updates here
Synopsis
Repo Rate News Highlights: Reserve Bank of India's Monetary Policy Committee has hiked repo rate by 25 bps to 5.50% as war creeps into Indian retail inflation, marking its first increase since February 2023. Guv Sanjay Malhotra noted that further rate cuts are off the table in near term. Going forward, how deep the rate hike or shallow the rate hike will be will depend on the evolving macroeconomic conditions and the growth inflation dynamics, he said.
RBI Repo Rate Highlights: RBI MPC hikes repo rate by 25 bps to 5.50% as war creeps into Indian retail inflation, marking its first increase since February 2023. Governor Sanjay Malhotra noted that further rate cuts are off the table in near term. Going forward, how deep the rate hike or shallow the rate hike will be will depend on the evolving macroeconomic conditions and the growth inflation dynamics, he said.
During the post-policy press conference, Guv Sanjay Malhotra said he does now expect liquidity to remain in such high surplus for a very long period of time.
He noted that the central bank will support an 'orderly movement' of the rupee and ensure it finds its correct value while preventing excessive volatility.
Show moreDuring the post-policy press conference, Guv Sanjay Malhotra said he does now expect liquidity to remain in such high surplus for a very long period of time.
He noted that the central bank will support an 'orderly movement' of the rupee and ensure it finds its correct value while preventing excessive volatility.
1 New Update
RBI Monetary Policy Meeting Highlights: Malhotra & co hikes repo rate; changes policy stance
RBI MPC Highlights: Following are the highlights of the Reserve Bank of India's October bi-monthly monetary policy announced by Governor Sanjay Malhotra after a three-day meeting of the Monetary Policy Committee (MPC) on Wednesday.
- Repo rate hiked by 25 bps to 5.5 pc
- First rate hike since February 2023
- MPC unanimously decided to raise interest rate
- MPC also decided to change monetary policy stance to 'calibrated tightening'
- Rate cuts are off table in near term, policy action ahead can only be rate hike or pause
- Indian economy has remained resilient
- GDP growth forecast for FY27 raised by 40 bps to 7.1 pc
- Global economic uncertainty, supply chain disruptions expected to have some bearing on economic activity
- Inflation projections marginally raised to 5.2 pc for FY27
- Next meeting of the MPC is scheduled for December 2 to 4, 2026
RBI Repo Rate News Live: ASSOCHAM says Malhotra's move signals cautious tightening
RBI News Today Live: Nirmal k Minda, President, ASSOCHAM welcomed the RBI’s decision to raise the repo rate by 25 basis points to 5.50% and shift its policy stance from neutral to calibrated. This tightening signals a cautious approach towards maintaining macroeconomic and inflation stability, said Minda.
However, higher borrowing costs will have some impact on consumption and can moderate fresh investments and expansion plans, especially for interest-sensitive MSMEs and sectors dependent on credit demand, the president said.
However, higher borrowing costs will have some impact on consumption and can moderate fresh investments and expansion plans, especially for interest-sensitive MSMEs and sectors dependent on credit demand, the president said.
RBI Monetary Policy Meeting Live: RBI’s move is a measured response to a more uncertain global environment, says expert
RBI Repo Rate News Live Updates: Pinank Shah, CEO, Capital India Finance Ltd., said, "The RBI’s move is a measured response to a more uncertain global environment, with geopolitical tensions adding to inflationary pressures and market volatility. Since this rate hike was largely priced in, I don’t expect a material impact on credit growth. However, the shift to ‘calibrated tightening’ signals that further rate hikes remain possible if inflation stays elevated, which could raise borrowing costs. Against this backdrop, disciplined underwriting and a sharper focus on asset quality will be critical."
RBI Repo Rate News Live: Experts expect another rate hike in next two MPC meetings of December and February 2027
RBI Policy Meeting Live Updates: Gaurav Kapur, Chief Economist, IndusInd Bank, said that it is highly likely that the Repo rate would be raised in the next two MPC meetings of December and February 2027 in order to ensure that the real Repo rate is calibrated to account for inflation rising to the upper end of the tolerance band of 6% and staying well above the target of 4% over the next three quarters and the next fiscal year.
RBI Repo Rate Live Updates: Gsec yields reacted negatively across the curve by approximately 3-5 bps as the stance shifted to calibrated tightening
RBI Policy Live Updates: Prashant Pimple Chief Investment Officer - Fixed Income, Baroda BNP Paribas Mutual Fund said, "The RBI's six-member Monetary Policy Committee voted unanimously to raise the benchmark repo rate by 25 basis points to 5.50%, the first hike in nearly four years. The MPC also shifted its policy stance to "Calibrated Tightening" from "Neutral". Gsec yields reacted negatively across the curve by approximately 3-5 bps as the stance shifted to calibrated tightening. The shift to calibrated tightening signals further hikes ahead, though the pace will depend on domestic inflation factors and global geopolitical ramifications. In the near-term we expect pressure on bond prices as yields adjust to the tighter path going ahead."
RBI repo rate decision reflects a decisive move against inflation: Jio Financial Services CFO
RBI Repo Rate News Live: "The RBI’s decision to hike the repo rate by 25bps to 5.50% was along expected lines and the stance shift to 'calibrated tightening' reflects a decisive move against inflation, which has been impacted by geopolitical conflicts, surging crude, adverse monsoon among other factors. Inflation appears to be generalising with headline Consumer Price Inflation expected to average 5.8% over the next three quarters and core inflation projected at 4.4% this fiscal," said Annapoorna Venkataramanan, Group Executive and Chief Financial Officer, Jio Financial Services Limited.
Systemic liquidity, currently near ₹5 lakh crore, will likely be further sucked out via RBI OMOs and forex intervention, driving a short-term flattening of the yield curve, Venkataramanan said. "NBFCs should maintain disciplined Asset-Liability Management and proactive duration-matching to preserve margins while maintaining credit flow."
Crucially, this tightening cycle acts to address inflation rather than a growth inhibitor, she said.
Systemic liquidity, currently near ₹5 lakh crore, will likely be further sucked out via RBI OMOs and forex intervention, driving a short-term flattening of the yield curve, Venkataramanan said. "NBFCs should maintain disciplined Asset-Liability Management and proactive duration-matching to preserve margins while maintaining credit flow."
Crucially, this tightening cycle acts to address inflation rather than a growth inhibitor, she said.
Repo Rate News Live: Can banks raise FD interest rates now as RBI increases repo rate by 25 bps?
RBI Policy Meeting Live: For existing investors, there will be no change as they can continue with locked-in FD rates. But if they want to reinvest or want to make new FD investments, a rate hike may create an opportunity to lock in relatively higher rates.
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RBI Governor Sanjay Malhotra makes key statement on Rupee volatility
The RBI will ensure that the rupee stabilizes, that the rupee finds its correct value, RBI Guv Sanjay Malhotra said.
"We will support an 'orderly movement' of the rupee and in finding its correct value, and at the same time in ensuring that there is no excessive volatility," he added.
"We will support an 'orderly movement' of the rupee and in finding its correct value, and at the same time in ensuring that there is no excessive volatility," he added.
RBI Policy Meeting Live: Malhotra says AI adds another dimension in a world where IT being used by all systems
RBI MPC Live: On question which AI risks are prominent among the risk of AI-driven asset bubble disruption to labor market, or the broader impact on global financial stability, RBI Governor Sanjay Malhotra said, "All these risks are material. I think for us as central bankers, the most significant of these is cybernetics. Already in this day and age, when IT is being used by all systems, and when there are no borders between the financial systems and they interact with each other, AI adds another dimension, and so we have to be very vigilant with regard to these number of measures we are already taking, through our regulation and supervision departments, we are fortifying our systems so that we are able to mitigate and prevent cyber risk."
RBI MPC Live: Guv Malhotra clears the air on monsoon impact on economic growth
RBI Policy Meeting Live Updates: "Monsoon impact has been moderating over the years. India's farm and non-farm sector's resilience has increased as a result of number of measures such as increasing the use of irrigation, climate resistant fetilizers and various practices," RBI chief Sanjay Malhotra said.
RBI Repo Rate News Live: Markets can be irrational in the short term; rupee may be undervalued, notes Malhotra
RBI Policy 2026 Live: RBI said that financial markets can be irrational in the short run, adding that several measures of currency value suggest the rupee may be undervalued.
"Its only in the long run, they are able to find the right value," RBI chief Sanjay Malhotra said while responding to a question on why currency polls and hedging behaviour continued to point to a rupee depreciation bias, despite India’s demonstrated ability to attract foreign flows when needed.
"By a number of estimates, including the REER (real effective exchange rate), rupee is not overvalued, may be undervalued," he added.
"Its only in the long run, they are able to find the right value," RBI chief Sanjay Malhotra said while responding to a question on why currency polls and hedging behaviour continued to point to a rupee depreciation bias, despite India’s demonstrated ability to attract foreign flows when needed.
"By a number of estimates, including the REER (real effective exchange rate), rupee is not overvalued, may be undervalued," he added.
RBI Policy Live: Malhotra says no major negative impact of AI stock valuations expected
RBI MPC 2026 Live: "AI certainly, stretch valuations, certain corrections can be a concern for various economies. But for India, since we do not have too much of AI over here, we do not see any major negative impact," RBI Governor Sanjay Malhotra said.
RBI clarifies on new trade regulations
RBI Policy Live: "The whole gamut of new trade regulations are a step forward to simplify matters, reduce the burden unauthorized dealers as also on the concerned exporters and exporters it should be forward in a positive section," the central bank said.
The whole intent of bringing these new trade regulations has been to liberalize the handling of trade matters by offline dealers, simplify the processes, promote ease of doing business, and the service exports and imports have been included for reporting purposes, the official said.
The whole intent of bringing these new trade regulations has been to liberalize the handling of trade matters by offline dealers, simplify the processes, promote ease of doing business, and the service exports and imports have been included for reporting purposes, the official said.
RBI Repo Rate Live: Oil prices, climate pose key risks to inflation
RBI MPC Live: "In Q1, growth rate of 7.8% coexisted with very low inflation, and that would have been the case perhaps this year as well if two global shocks have not occurred, both climate and oil prices, and the number of indicators," Deputy Governor said.
"Though there are no specific estimates we have, but the indicators we show that the underlying strength and potential of the economy has increased," the central bank official added.
"Though there are no specific estimates we have, but the indicators we show that the underlying strength and potential of the economy has increased," the central bank official added.
RBI MPC Live: How India insulates itself from currency volatility shocks?
RBI Policy Live: Demand for capital is increasing from hyperscalers and other new sources and demand that is coming up, RBI MPC member Poonam said.
"But if you look at India, there are two or three factors which insulate us from those rising costs. One is fiscal prudence that we have, which stands us out from both in our asset class and certainly from other advanced economies as well. So we are not seeing hyper demand coming. And the other is that we have domestic sources of savings and investments, which reduces our dependence on global capital," she added.
"But if you look at India, there are two or three factors which insulate us from those rising costs. One is fiscal prudence that we have, which stands us out from both in our asset class and certainly from other advanced economies as well. So we are not seeing hyper demand coming. And the other is that we have domestic sources of savings and investments, which reduces our dependence on global capital," she added.
RBI Policy Live: Confident of Balance of Payments getting into surplus soon, says Malhotra
RBI Policy Meeting Live: External headwinds have caused dip in flows; pressure on current account temporary issue, says RBI Governor Sanjay Malhotra.
Repo Rate MPC Live: RBI does not see any drop in MDR volumes on UPI
RBI MPC Live: Speaking on MDR, Malhotra said, "Now, we do not see any drop in volumes, and I don't personally think that a a small fee will have a major impact on the volumes."
RBI MPC Live: Governor Sanjay Malhotra explains the math behind change in policy stance
- The meaning of 'tightening' means high interest rates, or monetary policy, which will constraint or curb economic activity. Calibrated means it's a milder form of a tightening, where we where where the decisions have to be more measured, more calibrated to the evolving macroeconomic conditions.
- 'Accommodation' will mean lose monetary policy where Interest rates are low
- 'Neutral' means neither of the two
RBI News Today: On use of CRR, Malhotra says 'I don't want to rule out anything'
I don't expect liquidity is going to remain in such high surplus for a very long period of time, says RBI Guv Malhotra
RBI Policy Live: We don't see any issues on asset quality for NBFCs amid high liquidity conditions in banking system, he added, "Banking sector liquidity will not be in such high surplus for a very long time."
RBI Policy Meeting Live: Witnessing 'tsunami of the FCNRB deposits'
RBI MPC Live 2026: "We are already seeing the tsunami of the FCNRB deposits as evidenced by the high growth rate, but of course the amount is so large, we do not want to use them overnight. They need to do the due diligence properly and take time to use these products," RBI Governor Sanjay Malhotra said.
RBI MPC Live: We do not see any issues or concerns. or concerns relating to asset quality with regard to NBFCs, says Malhotra
INR vs USD: Rupee falls 22 paise to 96.57 against US dollar post RBI rate hike
Repo Rate News Live: The rupee depreciated 22 paise to 96.57 against the US dollar, after the Reserve Bank of India raised the key benchmark policy rate by 25 basis points to 5.5 per cent.
RBI MPC Live: Credit growth going forward will continue to be strong, says RBI chief
RBI Policy Live: "I think Credit growth going forward will continue to be strong. A few percentage points here and there should not really matter too much in the overall scheme of things, but it will continue to support," Malhotra said during the Post Monetary Policy Press Conference.
RBI Policy Meeting Live: RBI trying to keep inflation around 4%, notes Malhotra
RBI repo rate: Central bank to take call on further rate hikes depending on situations, says Malhotra
The statement comes soon after RBI chief Sanjay Malhotra dismissed rate cuts in the near term, highlighting that the repo rate would either be hiked or kept stable.
"We have clarified by changing the stance that there is no rate cut in the near term. What we are contemplating is either a pause or a rate hike. How deep the rate hike or how shallow the rate hike will be will depend on the evolving macroeconomic conditions and the growth-inflation dynamics," he said.
"We have clarified by changing the stance that there is no rate cut in the near term. What we are contemplating is either a pause or a rate hike. How deep the rate hike or how shallow the rate hike will be will depend on the evolving macroeconomic conditions and the growth-inflation dynamics," he said.
RBI MPC Live: Malhotra set to address media on repo rate decision, policy stance & more
RBI Guv Sanjay Malhotra is set to address Post Monetary Policy Press Conference soon. He will share the MPC's idea behind the latest repo rate revision, policy stance and more.
Bajaj Finance raises FD deposit rates after repo rate hike
Repo Rate News Live: Bajaj Finance has raised Fixed Deposit rates by up to 40 basis points.
FD rates have been raised 15-40 bps across all tenures from 12 to 60 months, effective October 7, 2026. Regular depositors (fresh deposits) can now earn up to 7.75% p.a., while senior citizens can earn up to 8.15% p.a.
FD rates have been raised 15-40 bps across all tenures from 12 to 60 months, effective October 7, 2026. Regular depositors (fresh deposits) can now earn up to 7.75% p.a., while senior citizens can earn up to 8.15% p.a.
RBI Policy Meeting Live: Guv Sanjay Malhotra highlights upside risks to India’s current account deficit
RBI News Today Live: "Moderation in global trade growth, elevated energy pricesand persistent trade policy uncertainties pose upside risks to India’s current accountdeficit in 2026-27. Expected buoyancy in services trade surplus, robust inwardremittances and implementation of the India-UK trade deal along with other recentbilateral treaties with major trading partners would also provide resilience to India’sexternal sector," Malhotra said.
RBI Policy Meeting Live: Check Malhotra's stance on 'Liquidity and Financial Market Conditions'
Repo Rate Hike Today: The Reserve Bank of India hiked key lending rate by 25 bps to 5.50%.
Governor Sanjay Malhotra said that the central bank will use an appropriate mix of liquidity management tools and strive to align the weighted average call rate (WACR) with the policy repo rate.
Governor Sanjay Malhotra said that the central bank will use an appropriate mix of liquidity management tools and strive to align the weighted average call rate (WACR) with the policy repo rate.
Repo Rate News Live: IMF says 'prudently hawkish bias' in central bank monetary policy needed
IMF'S Georgieva said that 'prudently hawkish bias' in central bank monetary policy needed, rate hikes 'highly appropriate' for US Fed, ECB and BOJ.
The statement came at a time when Indian central bank RBI hiked repo rate by 25 bps to 5.05%.
The statement came at a time when Indian central bank RBI hiked repo rate by 25 bps to 5.05%.
RBI Monetary Policy Meeting Live: Higher rates won’t derail real estate as growth outlook strengthens, says Knight Frank
The Reserve Bank of India’s shift to a calibrated tightening stance could put some pressure on real estate affordability as borrowing costs rise, particularly in interest-rate-sensitive and lower-priced segments, but the sector’s broader trajectory is unlikely to be materially disrupted, said Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India.
“The economy has remained resilient, which is adequately demonstrated by the upward revision of GDP growth for FY27 from 6.7% to 7.1%,” Baijal said, adding that private consumption and housing demand should provide a strong foundation for continued growth.
“The economy has remained resilient, which is adequately demonstrated by the upward revision of GDP growth for FY27 from 6.7% to 7.1%,” Baijal said, adding that private consumption and housing demand should provide a strong foundation for continued growth.
RBI Monetary Policy Meeting Live: Higher EMIs may test affordable housing demand, says ANAROCK
The Reserve Bank of India’s 25-basis-point repo rate hike could put pressure on housing demand by raising borrowing costs and weighing on consumer sentiment, particularly during the crucial festive season, said Anuj Puri, Chairman, ANAROCK Group.
“The rate hike will put pressure on consumer sentiment and discretionary spending — this has a direct correlation to housing demand,” Puri said, adding that dearer home loans could make buyers more selective and extend decision timelines, particularly in price-sensitive segments.
“The rate hike will put pressure on consumer sentiment and discretionary spending — this has a direct correlation to housing demand,” Puri said, adding that dearer home loans could make buyers more selective and extend decision timelines, particularly in price-sensitive segments.
RBI Monetary Policy Meeting Live: NBFCs face higher funding costs after rate hike, says Hero FinCorp MD
The Reserve Bank of India’s 25-basis-point repo rate hike is likely to push up funding costs for non-banking financial companies (NBFCs), making disciplined pricing, diversified funding and prudent underwriting more important, said Abhimanyu Munjal, MD & CEO, Hero FinCorp.
“The RBI’s decision to raise the repo rate by 25 basis points is a measured response to the evolving macroeconomic environment,” Munjal said, adding that elevated crude prices, geopolitical uncertainty and tighter global monetary conditions had increased inflationary pressures even as the Indian economy remained resilient.
“The RBI’s decision to raise the repo rate by 25 basis points is a measured response to the evolving macroeconomic environment,” Munjal said, adding that elevated crude prices, geopolitical uncertainty and tighter global monetary conditions had increased inflationary pressures even as the Indian economy remained resilient.
RBI Monetary Policy Meeting Live: Rate hike likely in December, more hikes depend on inflation-growth outlook, says Edelweiss Life CIO
The Reserve Bank of India’s shift to calibrated tightening signals another rate hike could come as early as December, with further increases depending on the evolving growth-inflation outlook, said Ritesh Taksali, Chief Investment Officer, Edelweiss Life Insurance.
“In line with market expectations, the RBI delivered a hike of 25 bps raising the repo rate to 5.5%, its first since Feb 2023,” Taksali said. With inflation projections revised upwards and price pressures broadening, the RBI’s stance change also rules out the possibility of rate cuts in the near future, he said.
“In line with market expectations, the RBI delivered a hike of 25 bps raising the repo rate to 5.5%, its first since Feb 2023,” Taksali said. With inflation projections revised upwards and price pressures broadening, the RBI’s stance change also rules out the possibility of rate cuts in the near future, he said.
RBI MPC Live Updates: Price pressures increasingly becoming visible across a range of commodities within the food component, says Malhotra
RBI Policy Meeting Live Updates: RBI Governor Sanjay Malhotra said the near-term outlook on inflation points towards continued pressures fromsupply side, on account of the deficient Southwest monsoon, El Nino conditions andhigh volatility in international oil prices.
"Price pressures are increasingly becomingvisible across a range of commodities within the food component, apart from oil. Inaddition, early signs of inflation becoming generalised are also evident from theincrease in core inflation and higher inflation across a larger segment of the CPIbasket," he noted.
"Price pressures are increasingly becomingvisible across a range of commodities within the food component, apart from oil. Inaddition, early signs of inflation becoming generalised are also evident from theincrease in core inflation and higher inflation across a larger segment of the CPIbasket," he noted.
RBI Policy Meeting Live: India's growth outlook faces certain risks
Repo Rate Decision Live: Global headwinds from protracted geopolitical tensions, elevated international commodity prices, additional frictions in global trade and tightening of global financial conditions may weigh on growth outlook, RBI said.
Repo rate hike can pinch your pockets; here's how
RBI Policy Meeting 2026 Live: Home, car and personal loan borrowers are set to face higher borrowing costs after the central bank raised its policy rate by 25 basis points to 5.50%- its first increase since February 2023.
Borrowers may see either a higher monthly instalment or a longer repayment period when their loan rate resets.
Click here to read more
Borrowers may see either a higher monthly instalment or a longer repayment period when their loan rate resets.
Click here to read more
Repo Rate Live: Recalibrating the policy rate is imperative, RBI chief says
RBI Policy Live: The MPC observed thatinflation and its outlook are not benign as they were last year, with headline CPI inflation expected to average almost 5.8 per cent in the next three quarters and core inflation projected at 4.4 per cent this financial year.
"In this milieu, recalibrating the policy rate is imperative," Governor Sanjay Malhotra said.
"In this milieu, recalibrating the policy rate is imperative," Governor Sanjay Malhotra said.
RBI Policy Live: Indian economy expected to remain resilient, says Guv Sanjay Malhotra
RBI News Today Live: After announcing repo rate hike, the MPC noted that the global context on account of geopolitical developments remains challenging.
Nonetheless, Guv Sanjay Malhotra said, the Indian economy has been strong, and the economic momentum remains broad-based.
"Moreover, the economy is expected to remain resilient."
Nonetheless, Guv Sanjay Malhotra said, the Indian economy has been strong, and the economic momentum remains broad-based.
"Moreover, the economy is expected to remain resilient."
RBI Meeting Live: Malhotra highlights West Asia war, crude oil prices as downside risks to global economic outlook
RBI Repo Rate Change Live: The sudden reescalation of the West Asia conflict in September and the consequent hardening and volatility in global crude prices soured global economic sentiments and heightened financial market volatility, central bank chief Malhotra said during the MPC statement.
Although global growth remains resilient, it is projected to decelerate in 2026 from the previous year, he noted. "Driven by escalating energy costs and rising food prices, global inflation is projected to increase sharply prompting monetary policy tightening by major central banks. Lingering trade uncertainty, rising bond yields in advanced economies and an appreciating dollar are keeping global financial market sentiments nervous and fragile," he added.
Further tightening of global financial conditions, uncertainty about fair valuation of AI stocks, and an elusive resolution of the West Asia conflict pose significant downside risks to the global economic outlook, Malhotra said.
Although global growth remains resilient, it is projected to decelerate in 2026 from the previous year, he noted. "Driven by escalating energy costs and rising food prices, global inflation is projected to increase sharply prompting monetary policy tightening by major central banks. Lingering trade uncertainty, rising bond yields in advanced economies and an appreciating dollar are keeping global financial market sentiments nervous and fragile," he added.
Further tightening of global financial conditions, uncertainty about fair valuation of AI stocks, and an elusive resolution of the West Asia conflict pose significant downside risks to the global economic outlook, Malhotra said.
Repo Rate News Live: RBI MPC delivered a surprise shift in stance towards recalibrated tightening, economist says
RBI Policy Live: "The MPC delivered a 25bp rate hike in line with expectations, with a surprise shift in stance towards recalibrated tightening. We continue to see 25-50bp of additional rate hikes going ahead, with further upside if global risks persists," said Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank.
RBI MPC Live: Sensex trims losses, recovers over 300 pts from day’s low after first repo rate hike in 4 years
RBI Repo Rate Live: Global economic uncertainty to impact domestic economic activity, says Malhotra
RBI News Today Live: Global economic uncertainty will continue to have some bearingon domestic economic activity, the central bank chief said during MPC statement.
"While energy prices and supply chain pressures havecontinued, their near-term trajectory remains uncertain amidst the lingering West Asiaconflict. Their adverse impact is being contained with active diversification of supplysources," he said, adding that deficient south-west monsoon and strong El Niño conditions pose risks toagriculture sector’s outlook and rural demand, although healthy buffer of foodgrainsand proactive policy interventions are expected to mitigate theimpact.
"Furthermore, continuing momentum in services and broadly stableemployment conditions are likely to support urban demand. Strong capacity utilisation,robust credit flows and the government’s thrust on infrastructure are expected tosustain investment activity. While services exports are expected to remain buoyant,bilateral trade agreements should boost merchandise exports," Malhotra said.
"While energy prices and supply chain pressures havecontinued, their near-term trajectory remains uncertain amidst the lingering West Asiaconflict. Their adverse impact is being contained with active diversification of supplysources," he said, adding that deficient south-west monsoon and strong El Niño conditions pose risks toagriculture sector’s outlook and rural demand, although healthy buffer of foodgrainsand proactive policy interventions are expected to mitigate theimpact.
"Furthermore, continuing momentum in services and broadly stableemployment conditions are likely to support urban demand. Strong capacity utilisation,robust credit flows and the government’s thrust on infrastructure are expected tosustain investment activity. While services exports are expected to remain buoyant,bilateral trade agreements should boost merchandise exports," Malhotra said.
RBI Repo Rate Live: Food, fuel prices drive India's core inflation
RBI News Live: CPI inflation increased to 4.8 per cent in August 2026 from 4.5 per cent in July, RBI chief Sanjay Malhotra said during monetary policy statement.
"While the increase has been predominantly on account of higher inflation in food and fuel groups, core inflation has also picked up indicating some signs of widening pricepressures. Food price increases have become more broad based along with notablespikes in certain items such as sugar and onion. The uptick in fuel inflation in Augustlargely reflected unfavourable base effects," he said.
Core inflation increased to 4.2 per centand core inflation, excluding precious metals, increased to 2.9 per cent in August, he noted.
"While the increase has been predominantly on account of higher inflation in food and fuel groups, core inflation has also picked up indicating some signs of widening pricepressures. Food price increases have become more broad based along with notablespikes in certain items such as sugar and onion. The uptick in fuel inflation in Augustlargely reflected unfavourable base effects," he said.
Core inflation increased to 4.2 per centand core inflation, excluding precious metals, increased to 2.9 per cent in August, he noted.
RBI Repo Rate Live: Malhotra & co revises repo rate, changes stance
RBI MPC Meeting Live: Considering factors like geopolitical tensions, inflation, supply chain pressures, the MPC unanimously voted to increase the policyrepo rate by 25 basis points to 5.50 per cent.
The MPC changed thestance to 'calibrated tightening', signaling that given the current conditions, ratecuts are off the table in the near term and policy action ahead can only be a rate hikeor a pause, depending on the evolving conditions and the outlook.
The MPC changed thestance to 'calibrated tightening', signaling that given the current conditions, ratecuts are off the table in the near term and policy action ahead can only be a rate hikeor a pause, depending on the evolving conditions and the outlook.
RBI MPC 2026 Live: The Fed commentary has reinforced expectations of higher global policy rates, says Malhotra
RBI Policy Live: RBI Governor Sanjay Malhotra, during the MPC statement, said that the Fed commentary, along with rate tightening by major systemically important central banks, have reinforced expectations of higher global policy rates.
RBI Repo Rate Live: Interest rate hike to raise home, car loan borrowing costs
RBI Policy Live: Home, car and personal loan borrowers are set to face higher borrowing costs after the central bank raised its policy rate by 25 basis points to 5.50%, marking its first increase since February 2023.
Borrowers may see either a higher monthly instalment or a longer repayment period when their loan rate resets.
Click here to read more
Borrowers may see either a higher monthly instalment or a longer repayment period when their loan rate resets.
Click here to read more
RBI Policy Meeting Live: Central bank to set up technical consultative committee for financial markets
RBI MPC Live: In response to the rapidly evolving financial market developments, RBI is planning to constitute a technical consultative committee for financial markets.
The committee will serve as a forum for structured engagement with market participants and other stakeholders on policy and operational matters related to financial markets.
The committee will serve as a forum for structured engagement with market participants and other stakeholders on policy and operational matters related to financial markets.
RBI Meeting Updates Live: We are now allowing the interoperability amongst NBFC account aggregators, Malhotra announces
RBI MPC announcements live: "We remain committed to ensuring orderly adjustments to the exchange rate that are in sync with the underlying macroeconomic fundamentals of the country and at the same time curbing excessive volatility. First, we are allowing the interoperability. There are a number of account aggregators, as you are aware. We are now allowing the interoperability amongst these NBFC account aggregators," Malhotra announced.
We are also facilitating SEBI-regulated depositories to include information related to deposit accounts in their consolidated account statement, he added.
We are also facilitating SEBI-regulated depositories to include information related to deposit accounts in their consolidated account statement, he added.
RBI MPC Live: India's forex reserves remain adequate, notes Malhotra
RBI Policy Meeting Live: Net FDI registered sustained improvement at $13.8 billion in first four months of this fiscal compared to $9.6 billion year ago, RBI Guv Malhotra said.
RBI MPC Live: Track latest merchandise trade deficit statistics
RBI Policy Meeting 2026 Live: India's merchandise trade deficit increased to $58.7 billion in July and August from $55.1 billion in the same two months last year.
"This is mainly driven by imports of electronic goods and crude oil. Going forward, moderation in global trade growth, elevated energy prices, and persistent trade policy uncertainties pose upside risks to India's current account deficit this year," RBI chief Malhotra said during the MPC statement.
"This is mainly driven by imports of electronic goods and crude oil. Going forward, moderation in global trade growth, elevated energy prices, and persistent trade policy uncertainties pose upside risks to India's current account deficit this year," RBI chief Malhotra said during the MPC statement.
RBI MPC Live: India's CAD stays modest, says Malhotra
RBI Policy Meeting 2026 Live: "The system level financial parameters, as reported even in the last policy statement relating to capital adequacy, liquidity, asset quality, and profitability of the scheduled commercial banks continue to remain robust. Similarly, the system level parameters of NBFCs are also sound. Coming to the external sector, India's current account deficit remained modest despite trends and well below the sustainable levels in Q1 this year," RBI Guv Malhotra said.
"Notwithstanding robust services trade surplus and net remittance receipts, CAD widened in July due to the higher merchandise paid deficit," he said.
"Notwithstanding robust services trade surplus and net remittance receipts, CAD widened in July due to the higher merchandise paid deficit," he said.
RBI MPC Live: Guv Sanjay Malhotra reveals latest inflation projection
RBI chief Malhotra said that the central bank projects core inflation for this year around 4.4%.
RBI MPC Live: Malhotra & co projects CPI inflation for the year at 5.2%
CPI inflation for the year is projected to be 5.2 percent, check quarterly projections below:
- Q2 at 4.9 percent
- Q3 at 6 per cent
- Q4 at 5.7 percent
RBI projects GDP growth for Q1 FY28 at 7.1%
RBI MPC Live: Central bank projects real GDP growth for this year at 7.1%
RBI Policy Meeting 2026 Live: Real GDP growth for this year is projected at 7.1 percent.
- Q2 at 7.2 percent
- Q3 at 6.9 percent
- Q4 at 6.8 percent
RBI MPC Live: Malhotra hails strong private consumption
RBI Monetary Policy Meeting Live: Private consumption remained broadly resilient, with continued support from discretionary spending, fixed investment remains strong, as evident from several related indicators, RBI chief Sanjay Malhotra said.
"Some weakness is, however, observed in segments such as non-durable goods and domestic care passenger traffic," he said.
"Some weakness is, however, observed in segments such as non-durable goods and domestic care passenger traffic," he said.
RBI MPC Live: Malhotra highlights India's economic muscle strength
RBI Monetary Policy Meeting Live: Manufacturing activity, despite cost pressures, is holding well, he said. "Service sector activity remained steady and broad-based, owing to buoyant domestic and external demand. Both manufacturing PMI and services PMI remained in expansionary zone in Q2," he said.
RBI MPC Live: Malhotra dismisses possibility of further rate cuts
RBI MPC Live: Guv Malhotra said MPC underscored that given the current conditions, rate cuts are off the table in the near term, and policy action ahead can only be a rate hike or a pause, depending on the evolving conditions and the outlook.
"The duration and extent of the rate hike cycle, therefore, would be contingent on the actual growth inflation development and outlook, especially that of underlying inflation, extent of broadening of price pressure, and speed round effects on the supply shock," he said.
"The duration and extent of the rate hike cycle, therefore, would be contingent on the actual growth inflation development and outlook, especially that of underlying inflation, extent of broadening of price pressure, and speed round effects on the supply shock," he said.
RBI MPC Live: Track latest inflation projections
RBI Policy Meeting Live: The central bank projected headline CPI inflation to average almost 5.8% in the next three quarters.
RBI MPC Live: Global context remains challenging, says Malhotra
RBI Policy Meeting 2026 Live: "The MPC noted that the global context, on account of geopolitical developments, remains challenging. Nonetheless, the Indian economy has been strong, and the economic momentum remains broad based.
Moreover, the economy is expected to remain resilient. It further observed, in light of the available data, that it is clear that inflation, and it's also, are not benign, as they were last year. We also decided with headlines, CPI, inflation, expected to average almost 5.8% in the next three quarters, including this, and core inflation, projected at 4.94% for this financial year," RBI Governor Sanjay Malhotra said.
Check latest rates as RBI hikes repo rate
STF rate stands adjusted at 5.25 percent, and the marginal marginal SF and the marginal standing facility rate and the bank rate to 5.75 percent.
RBI MPC Live: Malhotra & co hikes repo rate by 25 bps to 5.50% as war creeps into Indian retail inflation
After a detailed assessment of the evolving macroeconomic and financial conditions, developments, and and the outlook, the MPC voted unanimously to increase the policy repo rate under the lab by 25 basis points to 5.5 percent, Guv Sanjay Malhotra announced.
Re-escalation of the West Asia conflict in September, and the consequent hardening, as well as volatility in global crude prices, soared global economic sentiments and heightened financial market volatility.
- RBI chief Sanjay Malhotra during MPC
RBI MPC Live: Malhotra delivers October MPC statement
RBI Monetary Policy Meeting Live: Will Malhotra & co hike repo rate today?
RBI MPC Live: Expectations of a repo rate change are tilted towards a 25-basis-point hike, which would take the interest rate from 5.25% to 5.50%. An ET poll of 21 economists and bank executives found that 20 expect a 25-basis-point increase. A separate Reuters poll showed nearly 60% of economists expecting a similar move.
Such a move would mark the RBI’s first repo rate increase since February 2023, when the central bank raised the benchmark rate to 6.50%.
However, the repo rate decision is only one part of today’s policy meeting.
Markets will closely track Governor Malhotra’s commentary on the inflation trajectory, crude oil risks, liquidity, the rupee and the MPC’s policy stance. The central bank’s guidance will determine whether investors interpret it as the beginning of a sustained tightening cycle or a limited response to a temporary inflation shock.
Some economists expect further rate increases later in FY27, while others argue that supply-side inflation and elevated borrowing costs make an aggressive tightening cycle difficult.
Such a move would mark the RBI’s first repo rate increase since February 2023, when the central bank raised the benchmark rate to 6.50%.
However, the repo rate decision is only one part of today’s policy meeting.
Markets will closely track Governor Malhotra’s commentary on the inflation trajectory, crude oil risks, liquidity, the rupee and the MPC’s policy stance. The central bank’s guidance will determine whether investors interpret it as the beginning of a sustained tightening cycle or a limited response to a temporary inflation shock.
Some economists expect further rate increases later in FY27, while others argue that supply-side inflation and elevated borrowing costs make an aggressive tightening cycle difficult.
RBI Monetary Policy Meeting Live: Central bank projected 6.7% growth in last MPC
RBI repo rate decision live: RBI, led by Guv Sanjay Malhotra, projected real GDP growth for 2026 at 6.7 per cent, with Q1 at 7.0 per cent; Q2 at 6.4 per cent; Q3 at 6.5
per cent; and Q4 at 6.8 per cent.
per cent; and Q4 at 6.8 per cent.
RBI Monetary Policy Meeting Live: India gears up for RBI chief Sanjay Malhotra’s repo rate decision
RBI PMC Live: All eyes are on RBI Governor Sanjay Malhotra as the Monetary Policy Committee prepares to announce its October decision, with inflation, crude oil prices and the strength of economic growth shaping one of the central bank’s most closely watched policy calls in recent years.
The RBI has kept the repo rate unchanged at 5.25% for four consecutive reviews after cutting it by a cumulative 125 basis points in 2025. The backdrop, however, has shifted sharply. Retail inflation rose to 4.82% in August, while crude oil prices have moved above $100 a barrel amid renewed geopolitical tensions.
At the same time, the economy remains resilient. India’s GDP grew 7.8% in the first quarter of FY27, well above the RBI’s earlier 7% projection, raising expectations of an upward revision to the growth outlook.
Market and economist expectations are tilted towards a 25-basis-point hike to 5.50%, though the policy stance and Malhotra’s guidance on the road ahead could prove equally important.
The RBI has kept the repo rate unchanged at 5.25% for four consecutive reviews after cutting it by a cumulative 125 basis points in 2025. The backdrop, however, has shifted sharply. Retail inflation rose to 4.82% in August, while crude oil prices have moved above $100 a barrel amid renewed geopolitical tensions.
At the same time, the economy remains resilient. India’s GDP grew 7.8% in the first quarter of FY27, well above the RBI’s earlier 7% projection, raising expectations of an upward revision to the growth outlook.
Market and economist expectations are tilted towards a 25-basis-point hike to 5.50%, though the policy stance and Malhotra’s guidance on the road ahead could prove equally important.
RBI Monetary Policy Meeting Live: Sensex falls ahead of Malhotra's MPC statement
RBI Policy Meeting Live: Sensex fell over 450 pts ahead of RBI MPC decision, Nifty below 22,650 as bank, auto stocks struggle.
RBI Policy Live: Guv Malhotra presented a 'wait and watch' approach during last MPC meet
RBI Monetary Policy Meeting Live: Central bank Governor Sanjay Malhotra led a unanimous 6-0 vote to keep the policy repo rate unchanged at 5.25% with a neutral stance.
Emphasising that recent inflation spikes are supply-driven rather than a demand-led overheating, he noted no immediate need to curtail aggregate demand. However, acknowledging that underlying inflation is normalizing from last year’s low 2% average, he preferred to wait for definitive clarity on inflation persistence before recalibrating policy rates.
Emphasising that recent inflation spikes are supply-driven rather than a demand-led overheating, he noted no immediate need to curtail aggregate demand. However, acknowledging that underlying inflation is normalizing from last year’s low 2% average, he preferred to wait for definitive clarity on inflation persistence before recalibrating policy rates.
RBI Monetary Policy Meeting Live: Malhotra & co may pause today, start hikes from December, says BoB
RBI Policy Meeting Updates Live Updates: Bank of Baroda Chief Economist Madan Sabnavis expects the Reserve Bank of India to hold the repo rate at 5.25% in the October policy review and wait for greater clarity before starting a tightening cycle.
“The RBI may take a pause for one more policy and then bring about a rate hike from December onwards,” he said.
He expects three 25-basis-point increases in December, February and at the beginning of the next financial year, which could take the repo rate to around 6%.
“The RBI may take a pause for one more policy and then bring about a rate hike from December onwards,” he said.
He expects three 25-basis-point increases in December, February and at the beginning of the next financial year, which could take the repo rate to around 6%.
RBI MPC Live Updates: Central bank projected 6.7% growth for FY27
RBI Monetary Policy Meeting Live: India retains its status as the world’s fastest-growing major economy, with the RBI projecting real GDP growth at 6.7% for FY27 in the last MPC meeting.
Strong domestic demand, buoyant discretionary spending, and steady manufacturing and services activity continued to anchor economic performance.
Strong domestic demand, buoyant discretionary spending, and steady manufacturing and services activity continued to anchor economic performance.
RBI Policy Meeting Live: INR falls ahead of Malhotra's repo rate announcement
RBI Repo Rate Decision Live: Rupee fell 10 paise to 96.45 against US dollar in early trade ahead of RBI monetary policy decision.
RBI MPC Live: Top sectors to track in the equity markets today as India awaits repo rate decision
RBI Monetary Policy Meeting Live: Real estate, consumer durables and automobiles are the major sectors in focus as Guv Sanjay Malhotra is set to announce repo rate decision at 10 am today.
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RBI Policy Meeting Live: Rupee at 96.42, global yields add pressure on RBI
RBI Repo Rate Decision Live Updates: Global financial conditions have added another layer of uncertainty for the Reserve Bank of India ahead of the Monetary Policy Committee's decision.
INR vs USD: The rupee was trading at 96.4200 per US dollar, while US bond yields remained elevated at over 5.3%, adding to external pressures facing the central bank.
With global interest rates moving higher and the domestic inflation outlook turning more challenging, the RBI will have to weigh currency and inflation risks alongside resilient domestic growth while deciding its rate path.
INR vs USD: The rupee was trading at 96.4200 per US dollar, while US bond yields remained elevated at over 5.3%, adding to external pressures facing the central bank.
With global interest rates moving higher and the domestic inflation outlook turning more challenging, the RBI will have to weigh currency and inflation risks alongside resilient domestic growth while deciding its rate path.
RBI Monetary Policy Meeting Live: Weak monsoon, crude oil prices raise RBI inflation worries
RBI MPC Live Updates: The central bank's repo rate decision comes against growing inflation risks, with CPI inflation expected to move above 5% during FY27.
Deficient monsoon conditions could add to price pressures, while crude oil prices around $100 a barrel are another risk for inflation and the central bank's monetary policy calculations.
The RBI will have to balance these inflation risks against resilient domestic growth as it decides the pace and timing of any rate tightening.
Deficient monsoon conditions could add to price pressures, while crude oil prices around $100 a barrel are another risk for inflation and the central bank's monetary policy calculations.
The RBI will have to balance these inflation risks against resilient domestic growth as it decides the pace and timing of any rate tightening.
RBI MPC Live: Deloitte expects Malhotra & co to hike repo rate in Oct and Dec
RBI Monetary Policy Live: Deloitte Chief Economist Rumki Majumdar expects the RBI to consider a rate hike later this year, though the timing remains uncertain.
Majumdar said the central bank will have to weigh strong credit growth against higher global yields and rising inflation pressures before deciding when to begin tightening.
“The question is when. May not be in October. It might be, if not in October, but maybe later in the year in December,” the economist told ANI.
Majumdar said the central bank will have to weigh strong credit growth against higher global yields and rising inflation pressures before deciding when to begin tightening.
“The question is when. May not be in October. It might be, if not in October, but maybe later in the year in December,” the economist told ANI.
RBI Monetary Policy Meeting Live: Crisil expects 25 bps repo rate hike today
RBI Meeting Updates Live: Crisil Chief Economist Dharmakirti Joshi expects the Reserve Bank of India to begin its rate-tightening cycle with a 25-basis-point repo rate hike in the October policy review.
“With strong domestic growth and global interest rates moving up, a mix of all these factors tells me that the monetary policy cycle will turn, and we should see a rate hike in the coming policy meeting,” Joshi had told ANI.
The RBI kept the repo rate unchanged at 5.25% in August and retained a neutral stance.
“With strong domestic growth and global interest rates moving up, a mix of all these factors tells me that the monetary policy cycle will turn, and we should see a rate hike in the coming policy meeting,” Joshi had told ANI.
The RBI kept the repo rate unchanged at 5.25% in August and retained a neutral stance.
RBI MPC October 2026: Where to watch Sanjay Malhotra’s repo rate announcement live
Reserve Bank of India Governor Sanjay Malhotra will announce the October Monetary Policy Committee’s repo rate decision at 10 am on Wednesday, October 7. The post-policy press conference is scheduled for 12 noon.
Where to watch RBI MPC live?
The policy announcement and Governor Malhotra’s address can be watched live on the RBI’s official YouTube channel, website and X handle.
Readers can also follow Economic Times’ live coverage across ET’s digital platforms, including the ET website and YouTube, for the repo rate decision, Governor Malhotra’s key remarks and the market implications of the policy.
RBI repo rate announcement: What time?
Repo rate decision: 10 am, October 7
Governor’s post-policy press conference: 12 noon
Where to watch RBI MPC live?
The policy announcement and Governor Malhotra’s address can be watched live on the RBI’s official YouTube channel, website and X handle.
Readers can also follow Economic Times’ live coverage across ET’s digital platforms, including the ET website and YouTube, for the repo rate decision, Governor Malhotra’s key remarks and the market implications of the policy.
RBI repo rate announcement: What time?
Repo rate decision: 10 am, October 7
Governor’s post-policy press conference: 12 noon
RBI Policy Meeting Live: Sanjay Malhotra & co faces inflation-growth dilemma as GDP stays strong at 7.8%
RBI Repo Rate Today Live: The RBI’s October policy comes against a backdrop of strong economic growth and renewed inflation risks. India’s real GDP grew 7.8% in the first quarter of FY27, significantly above the RBI’s earlier 7% projection. This strengthens the case for monetary policy normalisation even as higher interest rates could weigh on demand.
At the same time, elevated crude oil prices, geopolitical tensions and weather-related risks are clouding the inflation outlook. Economists expect the RBI to raise its FY27 growth forecast, while also potentially revising its inflation projections higher.
At the same time, elevated crude oil prices, geopolitical tensions and weather-related risks are clouding the inflation outlook. Economists expect the RBI to raise its FY27 growth forecast, while also potentially revising its inflation projections higher.
RBI Policy Meeting Live: Repo rate hike or status quo? What economists expect today
RBI repo rate live: Expectations are highly tilted towards a 25-basis-point repo rate hike, but a section of economists continues to see the RBI holding rates steady at 5.25%.
- An ET poll found 20 of 21 economists and bank executives expecting a 25-basis-point increase to 5.50%
- Union Bank and ICICI Bank expect a broader tightening cycle
- Bank of Baroda has taken the contrarian view that the RBI could keep both the repo rate and stance unchanged in October
RBI Monetary Policy Meeting Live: Will Guv Sanjay Malhotra change the policy stance today?
RBI Repo Rate Decision Live Updates: Beyond the repo rate, the RBI’s policy stance will be closely watched for clues on the direction of interest rates in the months ahead.
The MPC has maintained a neutral stance, but rising inflation risks, crude oil prices above $100 and tighter global monetary conditions have raised expectations of a more hawkish signal.
Economists are divided on whether the RBI should retain the neutral stance or move towards calibrated tightening or withdrawal of accommodation. A stance change alongside a 25-basis-point repo rate hike could signal a broader shift in the policy cycle, while a neutral stance could indicate that the central bank wants to retain flexibility and remain data-dependent.
The MPC has maintained a neutral stance, but rising inflation risks, crude oil prices above $100 and tighter global monetary conditions have raised expectations of a more hawkish signal.
Economists are divided on whether the RBI should retain the neutral stance or move towards calibrated tightening or withdrawal of accommodation. A stance change alongside a 25-basis-point repo rate hike could signal a broader shift in the policy cycle, while a neutral stance could indicate that the central bank wants to retain flexibility and remain data-dependent.
RBI Monetary Policy Meeting Live: Inflation rises to 4.82%, putting 4% target back in focus
RBI MPC Meeting October 2026 Live: India’s retail inflation rose to 4.82% in August from 4.45% in July, moving further above the RBI’s 4% target.
Inflation has now remained above the target for three consecutive months, with economists flagging broader price pressures amid elevated crude oil prices and geopolitical risks. Rajani Sinha of CareEdge said the share of CPI items recording inflation above 6% rose to 19% in August from 13% in March.
The RBI had projected FY27 CPI inflation at 5% in its August policy, with inflation seen at 5.9% in the third quarter and 5.5% in the fourth quarter.
Inflation has now remained above the target for three consecutive months, with economists flagging broader price pressures amid elevated crude oil prices and geopolitical risks. Rajani Sinha of CareEdge said the share of CPI items recording inflation above 6% rose to 19% in August from 13% in March.
The RBI had projected FY27 CPI inflation at 5% in its August policy, with inflation seen at 5.9% in the third quarter and 5.5% in the fourth quarter.
RBI MPC live: What to watch as Guv Malhotra set to deliver monetary policy statement today
RBI Monetary Policy Meeting Live: Check the key tracking parametres as Guv Sanjay Malhotra gears up to deliver monetary policy statement:
- Repo rate: Will the RBI raise it from 5.25% to 5.50%?
- Policy stance: Will the MPC retain its neutral stance or signal a shift towards tighter policy?
- Inflation forecast: Will the RBI raise its FY27 CPI inflation projection?
- Growth forecast: Will the central bank upgrade its FY27 growth outlook after stronger-than-expected first-quarter GDP growth?
- Crude and rupee: How concerned is the RBI about elevated oil prices, imported inflation and currency pressures?
- Future rate path: Will Malhotra signal another hike in December or keep policy decisions firmly data-dependent?
RBI MPC Meeting Oct 2026: MPC expected to raise rates as inflation, external risks mount
RBI Meeting Updates Live: India’s economy is growing at a resilient 7%-plus pace, but rising crude oil prices, a weaker rupee, higher bond yields and external-account pressures are adding to the risks facing the economy.
ET Now Consulting Editor Mythili Bhusnurmath argued that the RBI needs to act on inflation risks and raise rates, even though monetary policy cannot directly address supply shocks such as oil disruptions or trade tensions.
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ET Now Consulting Editor Mythili Bhusnurmath argued that the RBI needs to act on inflation risks and raise rates, even though monetary policy cannot directly address supply shocks such as oil disruptions or trade tensions.
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RBI MPC Meeting Live: Crude oil above $100 puts inflation in focus
RBI Monetary Policy Meeting Live: Crude oil prices have emerged as a key risk for the RBI ahead of its October policy decision, with Brent crude ending September at around $103 a barrel, well above the central bank’s FY27 assumption of $85.
Prices crossed $100 in early September amid supply disruptions, raising concerns over imported inflation and the outlook for consumer prices. An ET poll noted that persistently high crude prices have strengthened expectations of a 25-basis-point repo rate hike.
Prices crossed $100 in early September amid supply disruptions, raising concerns over imported inflation and the outlook for consumer prices. An ET poll noted that persistently high crude prices have strengthened expectations of a 25-basis-point repo rate hike.
RBI Monetary Policy Meeting Live: Oil prices rise ahead of Guv Sanjay Malhotra's repo rate decision
RBI Meeting Updates Live: Oil prices rose on Wednesday as the international market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.
Ahead of the MPC statement, brent futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT.
Ahead of the MPC statement, brent futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT.
RBI Monetary Policy Meeting Live: Economists see RBI turning hawkish on repo rate decision
RBI MPC Meeting Updates Live: The RBI is likely to raise the repo rate by 25 basis points in its October policy review as inflationary pressures build amid the re-escalation of the West Asia crisis and rate hikes by global central banks, according to a PTI poll of 16 economists and bankers.
A majority of respondents expect a hawkish tone, while views remain divided on whether the RBI will change its policy stance.
A majority of respondents expect a hawkish tone, while views remain divided on whether the RBI will change its policy stance.
RBI MPC October 2026: RBI may raise FY27 inflation forecast as crude, monsoon risks mount
RBI Meeting Updates Live: The RBI could revise its FY27 inflation forecast higher in the October policy as elevated crude oil prices, geopolitical tensions and a deficient monsoon add to price pressures.
The central bank had projected the following:
Economists expect the inflation trajectory to be revised upwards, with some seeing CPI inflation moving above 6% in the second half of the financial year if crude prices remain elevated.
Union Bank expects FY27 inflation at 5.4%, while ICICI Bank sees it at 5.1%. The final forecast will offer an important signal on how the RBI views the persistence of the current inflation shock.
The central bank had projected the following:
- headline CPI inflation at 5% for FY27 in August
- Q2 inflation at 4.7%
- Q3 at 5.9%
- Q4 at 5.5%.
Economists expect the inflation trajectory to be revised upwards, with some seeing CPI inflation moving above 6% in the second half of the financial year if crude prices remain elevated.
Union Bank expects FY27 inflation at 5.4%, while ICICI Bank sees it at 5.1%. The final forecast will offer an important signal on how the RBI views the persistence of the current inflation shock.
RBI MPC Meeting October 2026: Date, time and where to watch repo rate decision
RBI Repo Rate Decision Live Updates: The Reserve Bank of India’s six-member Monetary Policy Committee will announce its October policy decision today, with Governor Sanjay Malhotra scheduled to unveil the repo rate decision at 10 am. The MPC’s three-day meeting began on October 5. A post-policy press conference by the governor is scheduled for 12 noon.
The policy announcement and the governor’s press conference will be available live through the RBI’s official channels and ET live streaming across website, YouTube and other platforms, while the key focus will be on the repo rate, policy stance, inflation and the central bank’s guidance on the future rate path.
Click here to read more
The policy announcement and the governor’s press conference will be available live through the RBI’s official channels and ET live streaming across website, YouTube and other platforms, while the key focus will be on the repo rate, policy stance, inflation and the central bank’s guidance on the future rate path.
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RBI Monetary Policy Meeting Live: Will RBI hike repo rate today?
RBI MPC Meeting October 2026 Live: The RBI is widely expected to begin raising interest rates in October, with 20 of the 21 economists and bank executives surveyed by ET forecasting a 25-basis-point hike in the repo rate to 5.50%.
Persistent crude oil prices above $100 a barrel, rising inflation risks and the US Federal Reserve’s recent rate hike have strengthened the case for tightening.
Persistent crude oil prices above $100 a barrel, rising inflation risks and the US Federal Reserve’s recent rate hike have strengthened the case for tightening.
RBI Monetary Policy Meeting Live: Hello ET Readers!
RBI Meeting Updates Live: The Reserve Bank of India’s Monetary Policy Committee is set to announce its October policy decision today, with inflationary pressures, elevated crude oil prices and resilient economic growth putting the repo rate in focus.
The RBI has kept the repo rate unchanged at 5.25% for the past four policy meetings, while economists are divided over whether the central bank will begin a rate-hike cycle.
The RBI has kept the repo rate unchanged at 5.25% for the past four policy meetings, while economists are divided over whether the central bank will begin a rate-hike cycle.
