The RBI Monetary Policy Committee meeting concludes on October 7, 2026. Governor Sanjay Malhotra will announce the repo rate decision at 10 am. The six-member panel met from October 5 to 7 to discuss inflation and GDP forecasts. Many people now wait to see if the central bank changes its stance.

RBI MPC Meeting, Repo Rate | Monetary Policy Live Updates — Find here all the live updates related to the RBI Monetary Policy Committee meeting, repo rate, policy stance, inflation, GDP forecast and Governor Sanjay Malhotra’s address for 7 October 2026.

What is the RBI MPC?

The Monetary Policy Committee is a six-member panel under the RBI Act that sets the policy repo rate. Its job is to keep inflation at 4 per cent, within a band of 2–6 per cent. Decisions are by majority. The Governor has a casting vote if there is a tie.

Who are the members?

Sanjay Malhotra, Governor and chair

Poonam Gupta, Deputy Governor in charge of monetary policy

Indranil Bhattacharyya, Executive Director

Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development

Saugata Bhattacharya, economist

Ram Singh, Director, Delhi School of Economics

What was decided at the last meet?

In August 2026, the MPC left the repo rate unchanged at 5.25 per cent and kept a neutral stance. The vote was unanimous. The standing deposit facility rate stayed at 5 per cent, and the marginal standing facility rate and bank rate at 5.50 per cent.

What did the last six MPCs decide?

Aug 2026: No rate cut — rate held at 5.25% — neutral stance

Jun 2026: No rate cut — rate held at 5.25% — neutral stance

Apr 2026: No rate cut — rate held at 5.25% — neutral stance

Feb 2026: No rate cut — rate held at 5.25% — neutral stance

Dec 2025: Rate cut of 25 bps — rate cut to 5.25% — neutral stance

Oct 2025: No rate cut — rate held at 5.50% — neutral stance

When does the announcement start?

Governor Sanjay Malhotra will announce the decision at 10 am on Wednesday, October 7. A press conference follows at noon. The three-day meeting runs from October 5 to 7.

How to watch it live?

The statement and the press conference will be streamed on the RBI website, the RBI YouTube channel and the RBI’s X handle.