RBI Monetary Policy 2025 Live Updates: Will Governor Malhotra Deliver Repo Rate Cut?

RBI MPC Live Updates: The decision comes at a time when Rupee is in a slump and has declined 4.8% against the dollar this year.

Malhotra will announce the decision of the six-member MPC at 10:00 a.m. (Source: PTI)

The Monetary Policy Committee or MPC of the Reserve Bank of India, chaired by Governor Sanjay Malhotra, began its three-day meeting on Wednesday, Dec. 3, to discuss the fifth monetary policy for financial year 2026. Key areas of the decision-making process included interest rates, inflation and growth outlook.

RBI Monetary Policy Live Updates: What Experts Have To Say

“As the RBI’s MPC meets, the realised inflation and the trajectory provides space for RBI to ease interest rates to improve the transmission, however the weakening rupee and strong GDP might push the same for February meeting. The expert expectations are divided on the status quo or a cut," said Kunal Shah, Co-founder, SURE.

RBI Monetary Policy Live Updates: Committee Schedule For 2025-2026

The last RBI Monetary Policy Committee meeting for financial year 2025-26 will be held on the following date:

  • Feb. 4-6, 2026

The central bank holds six bi-monthly meetings annually. Previous meeting in this financial year took place in October.

RBI MPC Live Updates: October 2025 Highlights

The Reserve Bank of India Monetary Policy Committee in its previous meeting in October kept the repo rate unchanged at 5.5% for the second consecutive time. The decision was made unanimously by the MPC committee, which has also unanimously decided to maintain a 'neutral' stance.

Five Key Highlights:

  • RBI retained 'neutral' stance, with most of the commentary from the governor Sanjay Malhotra alluding to lower inflation.

  • The Reserve Bank of India lowered its inflation project for FY26 at 2.6% vs 3.1% earlier, with Sanjay Malhotra stating, "There has been a singificant moderation in inflation."

  • The inflation project of Q2FY26 and Q3FY26 stands at 1.8% while Q4FY26 stands at 4%.

  • Real GDP growth for FY26 has been revised upward to 6.8% from the earlier estimate of 6.5%, which indicates stronger-than-expected economic performance.

  • RBI has proposed a series of measures to improve credit flow, ease costs and expanding lending flexibility.

RBI Monetary Policy Live: Expectations For December MPC

The Reserve Bank of India’s last interest rate decision of the year is proving to be one of its trickiest, with policymakers having to weigh up record low inflation against a plunging currency and 8%-plus economic growth.

A majority of the 44 economists surveyed by Bloomberg expect the central bank to cut its benchmark repurchase rate by a quarter point to 5.25% on Friday given inflation is well below the 4% target.

Read full story here.

RBI Monetary Policy Decision Today

The Monetary Policy Committee or MPC of the Reserve Bank of India, chaired by Governor Sanjay Malhotra, began its three-day meeting on Wednesday, Dec. 3, to discuss the fifth monetary policy for financial year 2026. Key areas of the decision-making process included interest rates, inflation and growth outlook.

Malhotra will announce the decision of the six-member MPC at 10:00 a.m.

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WRITTEN BY
Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
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