RBI MPC meeting HIGHLIGHTS: US tariffs have minimal impact on economy, says Guv Malhotra

RBI MPC meeting December 2025 HIGHLIGHTS: Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the outcome of the Monetary Policy Committee's (MPC's) December meeting today

1:58 PM

RBI MPC meeting LIVE: Rate cut to boost affordable and mid-income housing demand

Shishir Baijal, international partner and MD of India Knight Frank, said, “The reduction in borrowing costs should provide timely relief to the real estate sector. Lower home loan rates can help sustain end-user demand and improve developers’ cost structures. This move is expected to support sales in the affordable and mid-income housing segments, which have seen a sequential decline over recent quarters.”

1:42 PM

RBI MPC meeting LIVE updates: Real estate likely to benefit from RBI rate cut

Pradeep Aggarwal, founder and chairperson of Signature Global (India), said the recent rate cut is expected to boost market sentiment, improve purchasing power, and sustain housing demand across key segments, reinforcing real estate as a preferred long-term investment.

1:20 PM

RBI Governor assures ample liquidity to support lower interest rates

RBI Governor Sanjay Malhotra said the central bank is focused on providing confidence to the banking system by ensuring ample liquidity. “I am not targeting a specific level like 1 per cent; the aim is to reassure banks and the broader financial system that sufficient liquidity will be available, especially as interest rates trend lower,” he added.

 

1:08 PM

RBI MPC meeting LIVE updates: Post-monetary policy press conference concludes

1:03 PM

RBI MPC meeting LIVE: US tariffs have minimal impact, says Guv Malhotra

Governor Sanjay Malhotra said the impact of US tariffs on the economy has been limited, noting that India remains largely domestic-demand driven. While a few sectors have been affected, both the RBI and the government have rolled out relief measures. He added that exporters are using this period to boost productivity and diversify, positioning the economy to emerge stronger.

12:58 PM

RBI MPC meeting LIVE updates: RBI aims to limit excessive market volatility, says Guv Malhotra

Governor Sanjay Malhotra said market fluctuations are natural, and the RBI’s constant effort is to curb any abnormal or excessive volatility. “That is what we will continue to endeavour,” he added.

12:54 PM

GDP growth likely to moderate as base effects fade, says Deputy Governor Poonam Gupta

Deputy Governor Poonam Gupta said GDP growth is expected to ease in the coming quarters as base effects normalise. She added that the outlook points to “low policy repo rates rather than high rates” going forward.

12:49 PM

RBI MPC meeting LIVE updates: RBI has factored in rupee at current levels in inflation estimates, says Guv

RBI Governor Sanjay Malhotra said at the press conference that the central bank has factored the rupee’s current levels into its inflation projections.

12:45 PM

RBI MPC Meeting LIVE: Focus shifts to rate-cut transmission

RBI Governor Sanjay Malhotra said inflation remains “very benign” once volatile food and precious metal prices are excluded, with underlying inflation around 3–3.5 per cent. He cautioned against speculating on further rate cuts, emphasising that the priority now is ensuring effective transmission of the latest 25-basis-point repo rate cut. Malhotra added that the RBI will first allow the impact of lower rates to flow through the real economy before assessing how growth–inflation dynamics evolve in the coming months.

12:42 PM

8% growth ‘within reach’, economy must aspire for higher growth, says RBI Guv Malhotra

RBI Governor Sanjay Malhotra said the economy should “certainly aspire” for higher growth, noting that achieving around 8 per cent is “well within reach” given recent performance. At the post-policy press conference, he added that potential GDP is difficult to estimate, but the past three–four years of average 8 per cent growth offer a strong baseline for future ambitions.

12:31 PM

RBI MPC meeting LIVE updates: Governor Sanjay Malhotra address press conference

12:26 PM

RBI MPC meeting LIVE updates: RBI lets rupee find its market-determined level

“We do not target any specific rupee level. The currency is allowed to find its natural value, with the RBI intervening only to ensure orderly movement,” RBI Governor Sanjay Malhotra said.

12:23 PM

RBI MPC meeting LIVE updates: RBI signals softer GDP momentum ahead

Governor Sanjay Malhotra said GDP growth is likely to moderate as high-frequency indicators suggest softer momentum ahead. “Based on the indicators we track, the 8% growth seen in the first half is unlikely to sustain at the same pace,” he said.

12:18 PM

RBI MPC meeting LIVE updates: Current Account Deficit unlikely to hit 2%, says RBI Guv

RBI Governor Sanjay Malhotra said , “Do not expect CAD to be as high as 2 per cent.” Highlighting past performance, Malhotra said that with an average growth of 8 per cent over the last 3–4 years, achieving 8 per cent growth remains within reach.

12:15 PM

RBI MPC meeting LIVE updates: India’s external sector dependence remains low, says Guv Malhotra

RBI Governor Sanjay Malhotra said India’s reliance on the external sector is minimal, representing only a small percentage of GDP, highlighting the economy’s resilience to global shocks.

 

12:12 PM

RBI MPC LIVE meeting Updates: Governor Sanjay Malhotra on Rupee movement

RBI Governor Sanjay Malhotra said the central bank does not target specific levels for the rupee. “Our policy has always been to let the markets determine prices. We observed this earlier in February, when the rupee touched nearly 88 per dollar, and within three months, it corrected to below 84,” he noted.

12:10 PM

RBI MPC meeting LIVE updates: Inflation has been benign, likely to stay so, says Guv Malhotra

RBI Governor Sanjay Malhotra said inflation has remained benign and is expected to continue at this level. He added that the central bank needs to allow the current rate to transmit fully into the real economy before assessing further trends.

12:05 PM

RBI MPC Meeting LIVE: Guv Sanjay Malhotra begins addressing press conference

11:48 AM

RBI MPC meet LIVE updates: Guv Sanjay Malhotra to address the press conference shortly

After announcing the repo rate cut, RBI Governor Sanjay Malhotra will now be addressing the press conference at 12 pm. 

11:13 AM

RBI to launch two-month drive to clear pending Ombudsman grievances

The RBI observed a recent rise in grievance volumes, leading to higher pendency with the Ombudsman. "I urge all regulated entities to prioritise customers in their policies and operations, enhance service quality, and reduce complaints. Additionally, we plan to launch a two-month campaign starting 1 January to resolve all grievances pending for over a month with the RBI Ombudsman. I seek the full cooperation of all regulated entities in this initiative," the Governor stated.

11:09 AM

RBI MPC Meeting LIVE updates: Why has the RBI cut its inflation forecast sharply?

The RBI has sharply revised its inflation outlook, citing a fall in food prices. CPI inflation for 2025 is now projected at 2%, down 0.6 percentage points from October. Quarterly estimates show 0.6% in Q3 and 2.9% in Q4, with FY27 Q1 and Q2 at 3.9% and 4%, respectively.

 

Governor Sanjay Malhotra noted that underlying inflation pressures remain low, with higher precious metal prices contributing about 50 basis points. He added that rural demand is strong, urban demand is recovering, and private investment is picking up on the back of non-food credit growth and high capacity utilisation. 

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10:44 AM

RBI MPC rate cut to boost consumption, real estate demand: CBRE

Anshuman Magazine, Chairman & CEO, India, South-East Asia, Middle East & Africa, CBRE, said the RBI’s 25 bps repo rate cut amid low inflation and stronger-than-expected GDP growth underscores a focus on boosting consumption. Banks are likely to pass on rate cuts more aggressively, supporting a growth-friendly environment. The move is expected to strengthen real estate demand, especially in mid and affordable segments, and provide relief to home loan borrowers as floating-rate EMIs ease. Market momentum is likely to pick up further in the coming weeks.

10:39 AM

RBI MPC Meeting LIVE updates: Markets edge higher after 25 bps repo rate cut

Indian equity markets traded higher on Friday, after RBI Governor Sanjay Malhotra and the MPC cut the repo rate by 25 basis points to 5.35 per cent. The BSE Sensex rose 217 points to 85,483 (0.26 per cent), while the Nifty50 gained 38 points to 26,071 (0.15 per cent).

10:37 AM

RBI Monetary Policy meeting LIVE updates: RBI announces ₹1 trn OMO and 3 year dollar-rupee buy-sell swap

The RBI announces ₹1 trillion open market operation (OMO) and a three-year dollar–rupee buy–sell swap to inject durable liquidity into the banking system. Governor Sanjay Malhotra said the central bank remains committed to ensuring “sufficient and stable liquidity” to support credit flow and financial stability.

 

10:31 AM

RBI Monetary Policy Meeting LIVE updates: Governor Sanjay Malhotra's address concludes

RBI Governor Sanjay Malhotra wrapped up his address, highlighting India’s strong economic momentum despite a challenging global backdrop. He said the economy continues to demonstrate “remarkable resilience” and is on track to deliver robust growth. The favourable inflation outlook, he added, gives the RBI room to support the economy proactively while maintaining overall macroeconomic stability.

10:25 AM

RBI MPC meeting LIVE updates: India's forex reserves at $686 billion, says Guv Malhotra

10:24 AM

RBI MPC meeting LIVE updates: Lending and deposit rates show broad-based easing

RBI Governor Sanjay Malhotra said monetary transmission has strengthened across the system, with lending and deposit rates registering a notable decline.

 

He noted that the weighted average lending rate on outstanding rupee loans has fallen by 63 basis points, reflecting broad-based easing across sectors. On the deposit front, the weighted average rate on fresh term deposits has dropped by 105 basis points, indicating improved liquidity conditions and softer funding costs for banks.

10:21 AM

RBI Monetary Policy Meeting LIVE updates: Inflation outlook eased as food prices fall

RBI Governor Sanjay Malhotra said inflation is expected to remain softer than projected in October, largely due to a sharp decline in food prices. The central bank now pegs CPI inflation for the full year at 2 per cent, a downward revision of 0.6 percentage points from its earlier estimate.

 

The RBI’s updated CPI projections are:

 

Q3 FY26: 0.6%

 

Q4 FY26: 2.9%

 

Q1 FY27: 3.9%

 

Q2 FY27: 4%

10:20 AM

RBI MPC meeting LIVE updates: RBI to conduct OMO purchases of govt securities of ₹1 trillion

10:19 AM

RBI MPC meeting LIVE updates: GST reforms, festive spending boosted demand, says Guv Malhotra

GST rationalisation and strong festive-season spending lifted domestic demand in October and November, RBI Governor Sanjay Malhotra said. He added that rural demand remains robust, while urban consumption is steadily improving. Malhotra noted that investment activity is healthy, with private investment picking up on the back of rising non-food bank credit and high capacity utilisation of around 75%.