Repo Rate

Current policy rate appropriate amid buoyant economic growth: RBI Guv

Reserve Bank Governor Sanjay Malhotra voted for the status quo in the key interest rate earlier this month, saying the current policy rate was appropriate, given the buoyant economic growth and benign inflation, according to the MPC meeting minutes released on Friday. The Reserve Bank kept the short-term lending rate (repo) unchanged at 5.25 per cent after the Monetary Policy Committee (MPC) meeting held from February 4 to 6. The governor and the other five members of the MPC had voted to keep the repo rate unchanged. According to the minutes, Malhotra argued that India's macroeconomic fundamentals, over the medium-term, including the external sector, remain healthy and robust. "Given the present state of the economy and its outlook -- buoyant growth and benign inflation -- I feel the current policy rate is appropriate. Accordingly, I vote for continuation of the policy repo rate at 5.25 per cent and retain the neutral stance," he said. Deputy Governor Poonam Gupta said that, ...

RBI walks the line between growth confidence and inflation risk

Inflation risks may prove to be broader than what that explanation implies

RBI MPC keeps repo rate unchanged; High-level panel to review banking sector; SBI launches CHAKRA & more

The RBI’s Monetary Policy Committee on Friday kept the repo rate unchanged at 5.25%, while continuing with its 'neutral' stance. Governor Sanjay Malhotra assured proactive liquidity management

Govt bond yields harden by 4 bps after RBI MPC keeps policy rate unchanged

The 10-year benchmark yield rose to 6.69 per cent after the MPC held rates steady and the RBI refrained from announcing fresh OMOs, despite market expectations

Business Standard poll: Status quo on repo rate likely in RBI review

Some economists said that a pause is warranted at this juncture to assess the upcoming CPI and GDP data, which will be released in mid to late February 2026 using new base years

'Present policy rate & stance well positioned for macroeconomic stability'

Saugata Bhattacharya, external MPC member, spoke on the scope for further rate cuts and how the RBI's foreign exchange market interventions could influence the policy path going forward

HDFC Bank cuts FD rates by 15 bps in select tenors; peak rate now 6.45%

HDFC Bank has lowered its fixed deposit rates by 15 bps for select tenors on deposits below Rs 3 crore, bringing its peak deposit rate down to 6.45% from December 17

We expect deposit rates to moderate after this rate cut, says RBI

RBI Governor Sanjay Malhotra said inflation remains benign and policy remains neutral, adding that future rate moves will depend on data and effective transmission

RBI cuts repo rate; SBI, HDFC, ICICI to remain ‘too big to fail’ banks, & more

The RBI’s six-member MPC cut the repo rate by 25 bps to 5.25% and kept the policy stance neutral.

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

RBI cuts repo rate by 25 bps to 5.25%, keeps policy stance ‘neutral’

The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25 per cent in its December policy review. The central bank has also raised its growth forecast and lowered its inflation

Markets see 20-bps rate cut by February as OIS curve shifts lower

The one-year OIS rate has dropped to a month-low, with markets pricing in a 20-bps repo rate cut by February after RBI's governor signalled room for easing, though uncertainty over December's move per

Policy space exists for further rate cut: RBI Guv at MPC meeting

Reserve Bank Governor Sanjay Malhotra opined that there is room for a further rate cut and indicated it would be done at an opportune time to have a desirable impact, according to the minutes of the monetary policy committee (MPC) meeting released on Wednesday. The governor, along with five other members of the MPC, had voted for the status quo on the short-term benchmark lending rate at the meeting that concluded on October 1. During the meeting, Malhotra said the benign outlook for headline and core inflation as a result of the downward revision of projections opens up policy space to further support growth. "...even though there is a policy space to further cut the policy rate, I feel this is not the opportune time for the same, as it will not have the desirable impact. "Therefore, I vote to keep the policy repo rate unchanged at 5.50 per cent. The intent of policy, nevertheless, is to continue to facilitate growth-enabling conditions," he said. MPC member and RBI Deputy Govern

Repo rate unchanged at 5.5%: Analysis of RBI MPC October policy | Interest rate

The Reserve Bank of India’s Monetary Policy Committee has decided to keep the repo rate steady at 5.5%, while lowering its inflation forecast and revising growth projections upward.

Best of BS Opinion: RBI has done well to maintain status quo on repo rate

Today's pieces examine the RBI's decision on the policy rate, what it might do on the issue of Tata Sons' listing, 100 years of the RSS, and the question of rising populism globally as well as India

MPC outcome: RBI keeps repo rate unchanged at 5.5%, revises real GDP forecast to 6.8%

The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.5 per cent and maintained the policy stance at 'neutral', Governor Sanjay Malhotra an

RBI MPC meet: What stayed the same, what changed in October policy review

RBI's Monetary Policy Committee kept repo rate unchanged at 5.50 per cent; the MPC retained its policy stance as 'neutral'

RBI retains call rate as policy anchor in liquidity management framework

RBI has revised its liquidity management framework, retaining the call rate as policy target while phasing out 14-day VRR and VRRR in favour of shorter tenor operations

RBI MPC outcome: Why RBI may keep rates unchanged | Repo rate | Inflation | Interest rate

As the RBI’s Monetary Policy Committee meets between September 29 and October 1, a Business Standard poll of 10 leading banks and financial institutions shows most economists expect no change in the r

Best of BS Opinion: GST 2.0 reforms miss underlying core principles

Today's pieces look at the available space for more rate cuts, the sorry state of tribunals, why GST reforms are not really that, and how India can harness its vast non-export MSME sector