The Reserve Bank of India has kept repo rate unchanged at 5.25%. The Monetary Policy Committee (MPC) held its 60th meeting from April 6 to 8, 2026, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting.
| Rate Type | Value |
|---|---|
| Policy Repo Rate | 5.25% |
| Standing Deposit Facility Rate | 5.00% |
| Marginal Standing Facility Rate | 5.50% |
| Bank Rate | 5.50% |
| Fixed Reverse Repo Rate | 3.35% |
| Ratio | Value |
|---|---|
| CRR | 3.00% |
| SLR | 18.00% |
After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.25 per cent. Consequently, the standing deposit facility (SDF) rate remains at 5.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate remains at 5.50 per cent.
Economy Growth
Real gross domestic product (GDP) is estimated to grow by 7.6 per cent (y-o-y) during the year, as per the Second Advance Estimates (SAE) of the new GDP series (base year 2022-23). Private consumption and fixed investment contributed significantly to overall growth, while net external demand remained soft. On the supply side, estimated real GVA growth of 7.7 per cent was driven by buoyant services sector and robust manufacturing activity.
As per the new CPI series (2024=100), headline inflation increased to 3.2 per cent in February 2026 from 2.7 per cent in January.
The minutes of the MPC’s meeting will be published on April 22, 2026. The next meeting of the MPC is scheduled for June 3 to 5, 2026.
