RBI MPC Meeting October 2026 Live Updates: Reserve Bank of India Governor Sanjay Malhotra to announce MPC policy decision today, with a potential repo rate hike amid rising inflation pressures.
Governor Sanjay Malhotra will announce the decision after the conclusion of the three-day meeting of the Monetary Policy Committee (MPC).
A majority of participants in a PTI poll expect the RBI to raise the repo rate by 25 basis points and maintain a hawkish tone, although views remain divided on whether the central bank will also change its policy stance.
The RBI’s policy repo rate currently stands at 5.25%. The last repo rate hike came in February 2023, when the central bank raised it by 25 basis points to 6.50%.
A rate hike today would mark a reversal after the RBI cut the repo rate by a cumulative 125 basis points in 2025 and subsequently maintained a prolonged pause.
Inflation will remain a key focus of the policy review. India’s retail inflation rose to 4.82% in August from 4.45% in July. The government has mandated the RBI to keep CPI-based retail inflation at 4%, with a tolerance band of 2% on either side.
The prospect of a rate hike comes amid rising inflation pressures linked to the continuing West Asia conflict.
Catch LIVE updates on RBI MPC policy today: