The Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, will announce its repo rate decision today.

Markets will be keenly watching whether the central bank will deliver another rate cut or hold steady, as it weighs inflation trends, global uncertainties, and fiscal reforms such as changes in income tax slabs and recent GST rationalisation.

According to a Bloomberg survey, 24 of 38 economists expect the RBI to keep the repo rate unchanged at 5.5%, while 14 believe there is scope for a 25 basis point reduction.

Inflation is currently at the lower end of the RBI’s 2%–6% target band, giving the central bank some space to act. However, growth risks from high US tariffs, currency weakness, and external uncertainty are keeping the decision finely balanced

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