RBI MPC presser highlights: Low inflation opens up space for monetary policy easing, says governor

RBI MPC Meeting October 2025 highlights: At its last meeting, held from August 4 to 6, the RBI's MPC left the repo rate unchanged at 5.5 per cent; catch all the LIVE updates here

1:00 PM

What did the RBI governor said on rupee reference rates?

Sanjay Malhotra stated that the central bank is reviewing a set of currencies to establish reference rates, beginning with the Indonesian Rupiah and the UAE Dirham (AED).

12:42 PM

RBI MPC presser LIVE: Banking system's ability to handle risks has improved, says Deputy Governor Rao

Banking system’s ability to handle risks has improved over a period, RBI Deputy Governor M Rajeshwar Rao said.

12:37 PM

Have taken calibrated, well thought-out measures for banking sector, says RBI governor

"We have taken balanced, calibrated, and well thought-out measures for the banking sector. Aim will be to promote stability of the system while enhancing growth of the economy," says RBI governor.

12:28 PM

Inflation down considerably, does open up space for monetary policy easing: RBI governor

"Raised GDP projection to 6.8 per cent for FY26 on the back of good economic activities in first half of this fiscal," says Governor Sanjay Malhotra.

12:24 PM

Hopeful of continuing with very high growth trajectory while maintaining price stability: RBI governor

Inflation-growth dynamics has changed and hence the policy language changed, RBI Governor Sanjay Malhotra said.

12:19 PM

RBI's stance is about forward guidance, has nothing to do with liquidity: RBI governor

There was a discussion to change monetary policy stance to accommodative from neutral, says Governor Sanjay Malhotra.

12:14 PM

Impact of global headwinds limited on Indian economy, says RBI Governor Sanjay Malhotra

The impact of global headwinds limited on Indian economy as ours is a demand-driven economy. RBI and the government will make all efforts to counter all global headwinds, RBI Governor Sanjay Malhotra stated.

12:10 PM

Growth revised downwards due to higher tariffs: RBI Governor Sanjay Malhotra

"Inflation has reduced considerably since June. That opens space for growth. There is a downward revision in GDP growth due to higher tariffs, some offset by GST cut," says RBI Governor Sanjay Malhotra

12:04 PM

RBI Monetary Policy 2025 LIVE: RBI Governor Sanjay Malhotra begins press conference

RBI Governor Sanjay Malhotra begins post-policy press conference

11:46 AM

MPC decison likely to lift consumer sentiment, says CBRE's Anshuman Magazine

“The RBI MPC's decision to hold the repo rate at 5.5% reflects a measured approach ahead of the festive season, and amidst volatile global macroeconomic and policy conditions. Along with the recent GST cuts and range-bound inflation, the announcement is likely to lift consumer sentiment and may encourage greater demand across key sectors in the coming weeks. In real estate, it signals a steady growth outlook and reinforces market confidence, offering long-term predictability to developers and homebuyers. Going forward, we expect the consumption to improve and market momentum to accelerate further,” Anshuman Magazine, chairman and CEO, (India, South-East Asia, West Asia and Africa), CBRE, said.

11:27 AM

RBI expands bouquet of free services for Basic Savings Bank Deposit accounts, says RBI governor

To help exporters, RBI to expand time frame for repatriation of funds from foreign currency accounts, says Governor Malhotra. 

11:04 AM

RBI's Monetary Policy Committee keeps repo rate unchanged at 5.5%

The rate-setting panel of the Reserve Bank of India (RBI) on Wednesday decided to keep the repo rate unchanged at 5.50 per cent. Noting that India registered strong growth during the first quarter at 7.8 per cent, RBI Governor Sanjay Malhotra announced that the MPC has increased the growth forecast for the financial year 2025-26 to 6.8 per cent from the earlier 6.5 per cent. Read here for the detailed story.

10:50 AM

Total of 100 bps rate cut have led to 58 bps reduction in fresh loans, says RBI Governor Sanjay Malhotra

Credit growth continues to be supportive of real economic activity, RBI Governor Sanjay Malhotra said.

 

10:48 AM

Forex reserves at $700.2 billion: RBI governor Sanjay Malhotra

India's forex reserves at $700.2 billion, enough to cover 11 months of imports, RBI Governor Sanjay Malhotra said.

10:45 AM

RBI Monetary Policy 2025 LIVE update: Strong remittance expected to keep CAD sustainable, says RBI governor

Strong remittance expected to keep current account deficit sustainable in current fiscal, says Governor Sanjay Malhotra

10:42 AM

RBI MPC 2025 LIVE update: FY26 CPI inflation forecast cut to 2.6%

Here are the quarterly estimates:

 

-Q2FY26: Slashed to 1.8% from 2.1%

-Q3FY26: Slashed to 1.8% from 3.1%

-Q4FY26: Slashed to 4.0% from 4.4%

CPI inflation estimate for Q1FY27 has been cut to 4.5% from 4.9%

10:31 AM

RBI MPC LIVE update: GDP growth estimate raised to 6.8% from 6.5%

 Here are the quarterly estimates:

- Q2FY26: Revised to 7% from 6.7%

- Q3FY26: Cut to 6.4% from 6.6%

- Q4FY26: Revised to 6.2% from 6.3%

 

GDP growth estimates for Q1FY27 slashed to 6.4% from 6.6%

 

10:26 AM

India’s external sector continues to remain resilient: RBI governor

The RBI Governor said India’s external sector remains resilient despite phases of volatility and some depreciation in the rupee. He assured that the central bank is closely monitoring developments and will take appropriate measures to maintain stability whenever required.

10:19 AM

RBI MPC LIVE update: Real GDP growth revised upwards to 6.8%

Real GDP growth for the year has been revised upwards to 6.8% from the earlier estimate of 6.5 per cent.

10:15 AM

RBI MPC LIVE update: FY26 CPI inflation estimate lowered to 2.6% from 3.1%

10:10 AM

LIVE news updates: MSF, SDF rates maintained at 5.75% and 5.25% respectively

10:05 AM

RBI MPC Meet LIVE update: MPC keeps repo rate unchanged at 5.5%

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday decided to keep the benchmark repo rate unchanged at 5.5 per cent.

10:01 AM

RBI MPC Meet LIVE update: RBI Governor Sanjay Malhotra begins address

9:46 AM

GDP growth forecast from August RBI MPC meeting

In August, the MPC retained its real gross domestic product (GDP) growth forecast for FY26 at 6.5 per cent, citing robust domestic demand, sustained government capital expenditure, and strengthening rural consumption.

 

The quarterly GDP forecast:

-Q1 FY26: 6.5 per cent

-Q2 FY26: 6.7 per cent

-Q3 FY26: 6.6 per cent

-Q4 FY26: 6.3 per cent

FY26: 6.5 per cent

9:28 AM

What is repo rate?

The repo rate is the interest rate at which RBI extends short-term funds to commercial banks, using government securities as collateral. A cut in the repo rate reduces borrowing costs for banks, enabling them to lend to businesses and consumers at lower interest rates.

9:12 AM

RBI MPC LIVE updates: What is the role of the RBI’s MPC?

The Monetary Policy Committee (MPC) is the RBI’s rate-setting body, established in 2016 under the RBI Act, 1934. It determines the repo rate—the rate at which the RBI lends to commercial banks. Changes to the repo rate are a key tool for the central bank to manage inflation and support economic growth.

9:00 AM

October–November 2025 likely to mark a fresh low for CPI inflation, says Icra's Aditi Nayar

The goods and services tax (GST) rationalisation could dampen headline Consumer Price Index  prints by 25-50 bps between the third quarter of the financial year 2025-26 (FY26) and the second quarter of FY27 relative to the pre-GST rationalisation estimates, bringing the FY26 average down to around 2.6 per cent from 3.0 per cent, said Aditi Nayar, chief economist, Icra. “While October–November 2025 may mark a fresh low for CPI inflation, the trajectory subsequently remains upward sloping,” said Nayar.

8:44 AM

RBI MPC LIVE updates: Who are the current members of the Monetary Policy Committee?

Sanjay Malhotra, the governor of RBI, serves as the ex-officio chairperson of the committee.

 

Other RBI members on the committee include:

- Poonam Gupta, deputy governor in charge of monetary policy

- Saugata Bhattacharya, economist

- Ram Singh, director, Delhi School of Economics

- Nagesh Kumar, director & CEO, Institute for Studies in Industrial Development (ISID)

 

A new member, Indranil Bhattacharyya, executive director in charge of monetary policy, has been appointed to the committee recently. 

8:37 AM

RBI meet LIVE: When and where to watch MPC's policy decision

Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the outcome of the Monetary Policy Committee’s (MPC’s) October meeting at 10:00 AM today. His address will be streamed live on RBI’s YouTube channel, X handle, and official website. Live updates of RBI’s policy announcement will also be available on Business Standard.

8:28 AM

RBI will want to wait for clarity on tariffs, impact of GST reforms, says IDFC FIRST Bank's Gaura Sen Gupta

“Given the strong growth in Q1FY26, the RBI will want to wait for clarity on tariffs and the impact of GST cuts on growth. By the December policy, the RBI will have a clearer picture of consumer demand after the festival season, as well as the outcome of tariff negotiations with the US,” says Gaura Sen Gupta, chief economist at IDFC FIRST Bank.