RBI MPC Meeting 2026: Central bank flags a threat for Indian agriculture warming up in the Pacific

The Reserve Bank of India’s Monetary Policy Committee on Wednesday flagged El Niño and uneven monsoon rains as risks to agriculture and rural demand. Governor Sanjay Malhotra said, “Deficient and uneven south-west monsoon amidst El Niño conditions poses some risks to the agriculture sector’s outlook and rural demand.” Inflation forecasts fell.

RBI holds repo rate steady: Good news for homebuyers, but affordable housing still faces hurdles

The RBI kept the repo rate at 5.25% on June 6, 2026. Governor Sanjay Malhotra said this decision offers stability, but experts worry about affordable housing. While sales fell 6% in top cities, developers hope the steady rates will help buyer confidence and support long-term growth in the real estate market.