RBI MPC Meeting April 2026: The meeting of the new Monetary Policy Committee (MPC) of the Reserve Bank of India is going to start tomorrow i.e. from 6th April. On which people are keeping a special eye. In view of the current global situation, especially the increasing tension in West Asia, it is expected that RBI will not make any major changes in the repo rate at present.

The report of State Bank of India also indicates that at this time the central bank can adopt a cautious stance and keep the interest rates stable. Let us know about this…

What can be the decision of RBI on repo rate?

Considering the current situation, RBI may avoid changing the repo rate this time. According to SBI research, the rates may remain stable at around 5.25 percent. The main reason for this is the ongoing tension in the Middle East.

Due to which there is an atmosphere of uncertainty in the global markets. Especially due to the ongoing blockage in the Strait of Hormuz, crude oil prices have remained above $100 per barrel.

impact on indian economy

The effect of these conditions created at the global level is also visible on India’s economy. Indian currency rupee is continuously weakening. The rupee had reached its lowest level ever. In such a situation, RBI can distance itself from changing the repo rate.

The road ahead is difficult due to inflation

There seems to be little possibility of inflation pressure reducing in the coming months. According to research by State Bank of India, CPI inflation may remain above 4.5 percent for the next three quarters.

Along with this, the effect of possible Super El Nino can also increase the prices further. Due to which the situation can become more challenging. In such a situation, there is little hope of change in the repo rate.

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RBI MPC Meeting 2026: The Reserve Bank of India (RBI) on Monday released the complete schedule of Monetary Policy Committee (MPC) meetings for the business year 2026-27. The next MPC meeting will be held between 6-8 April. The six-member Rate Setting Committee (MPC), chaired by the Governor of the Reserve Bank, meets at least four times a year. Usually it is held once every two months (bi-monthly). The new financial year is going to start from 1st April. In such a situation, let us see when the Monetary Policy Committee will meet for the year 2026.

On which date will the meeting take place?

• 6-8 April- First Bi-Monthly Policy Review
• 3-5 June- Second Bi-Monthly Policy Review
• 3-5 August- Third Bi-Monthly Policy Review
• 5-7 October- Fourth Bi-Monthly Policy Review
• 2-4 December- Fifth Bi-Monthly Policy Review
• 3-5 February- Final policy review of the financial year

Change in repo rate in 2025-26

February 2025- The repo rate was reduced from 6.50 percent to 6.25 percent with a cut of 0.25 basis points.

April 2025- The repo rate was brought down to 6.00 percent with a reduction of 0.25 basis points.

June 2025- A major reduction of 0.50 points was made in the repo rate and with this it came down to 5.50 percent.

August and October 2025- In the meetings held in both these months, the repo rate was maintained at 5.50 percent.

December 2025- The rates were again cut by 0.25 basis points and the repo rate came to 5.25 percent.

February 2026- In the last meeting of the financial year, there was no change in the repo rate and it remained at 5.25 percent.

Why was the repo rate cut?

• The repo rate was cut in the financial year 2025-26 with the aim of boosting economic growth (GDP growth) amidst reduced inflation.
• By December 2025, the retail inflation rate had come down to a level of about 2.0 percent. Due to this, RBI got scope to reduce the repo rate.

How does MPC work?

The Monetary Policy Committee is a major institution that decides interest rates in the country. Their job is to promote economic growth by keeping inflation under control. There are total six members in MPC. Of these, three members are from RBI and three are external members, who are appointed by the Government of India. These usually include economists or professors. The committee meets once every two months in a year i.e. a total of six times. The meeting usually lasts for three days. On the last day of the meeting, the RBI Governor gives information about the decisions taken on the basis of voting through a press conference.

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