RBI MPC keeps repo rate unchanged at 5.25%, maintains 'neutral' stance

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.25 per cent. RBI Governor Sanjay Malhotra announced the decision after the policy meeting. In its first policy meeting for the financial year 2026-27 (FY27), which took place between April 6-8, the committee continued with the 'neutral' stance. The RBI MPC meeting comes amid the ongoing conflict in West Asia, which has led to a sharp increase in crude oil prices and depreciation of the rupee. It follows the RBI’s decision in February 2026 to maintain the repo rate at 5.25 per cent, after cumulative rate cuts of 125 basis points during 2025.