RBI MPC Meeting 2026 Highlights: Sanjay Malhotra & co keeps repo rate unchanged, signals a stronger Rupee ahead; check latest GDP & inflation forecasts
Synopsis
RBI Policy Meeting Highlights: Sanjay Malhotra & co decided to keep repo rate unchanged at 5.25 per cent. The governor warned of higher headline inflation, citing high fuel and food prices, adding that El Nino continues to remain a 'major risk' for the economy.
RBI MPC Meeting 2026 Highlights: Sanjay Malhotra & co kept the repo rate unchanged at 5.25 per cent and decided to continue with a 'neutral' stance. The governor highlighted that headline inflation is expected to rise in near term fueled by higher oil, food prices and is set to peak in Q3 before starting to decline.
1 New Update
02:16:05 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Highlights: In case you missed the Monetary Policy meeting announcements; here's a quick guide:
- Repo rate unchanged: The MPC unanimously kept the repo rate at 5.25% and retained the neutral policy stance.
- Growth outlook improved: RBI raised its FY27 GDP growth forecast to 6.7%, citing resilient domestic demand, robust manufacturing and services activity, and strong exports.
- Inflation forecast lowered: The central bank projected FY27 CPI inflation at 5%, while noting that price pressures remain largely concentrated in food and fuel.
- External sector remains strong: RBI said India's current account remains manageable, supported by strong services exports, remittances, healthy FDI inflows and a turnaround in foreign portfolio investments.
- Liquidity to remain supportive: The central bank said it will continue proactive liquidity management to ensure adequate funds in the banking system and smooth monetary policy transmission.
- Global risks remain a concern: RBI Governor Sanjay Malhotra cautioned that uncertainty surrounding the West Asia conflict, global trade policies, crude oil prices, the southwest monsoon and El Niño continues to cloud the outlook for growth and inflation.
01:37:57 PM IST, 05 Aug 2026
The RBI signalled patience, but not complacency. By remaining on hold, the MPC retained flexibility while monitoring whether current inflation pressures prove temporary or evolve into a more generalised inflation cycle.
- Radhika Rao, senior economist & executive director at DBS Bank
01:22:38 PM IST, 05 Aug 2026
RBI repo rate decision hints towards a data-dependent approach, expert says
RBI MPC August 2026: Maulik Patel, Head of Research, Equirus Securities said, "The MPC’s policy decision of keeping the policy rate unchanged with a neutral stance is on expected lines. Overall, the narrative reads well-balanced and hints towards a data-dependent approach rather than guiding towards any certain direction at this juncture."
01:16:48 PM IST, 05 Aug 2026
The policy tone is cautious albeit constructive, balancing uncertainties from the ME conflict, tighter global financial conditions, and El Niño risks against resilient domestic growth and robust FCNR+ inflows. Despite 1Q inflation undershooting RBI's forecast, the MPC has retained its emphasis on El Niño risks, while reiterating that any near-term price pressures would largely be supply-driven unless they broaden into second-round inflation effects for monetary policy to act.
- Madhavi Arora, Chief Economist, Emkay Global Financial Services based on RBI policy announcement.
12:57:46 PM IST, 05 Aug 2026
MPC Meeting Live: RBI repo rate decision reflects forward-looking approach to monetary policy, research expert says
RBI MPC Meeting 2026 Live: Ajit Mishra, SVP, Research at Religare Broking Ltd. said, "The RBI's decision to maintain the repo rate at 5.25% while retaining a neutral policy stance reflects a balanced and forward-looking approach to monetary policy. Although domestic macroeconomic fundamentals remain resilient and inflationary pressures are relatively contained, persistent global uncertainties, commodity price volatility and geopolitical risks warrant a cautious stance.
"By preserving policy flexibility, the MPC has struck the right balance between supporting economic growth and maintaining price stability. The emphasis on a data-dependent policy framework provides the RBI with the necessary room to respond proactively to evolving domestic and global macroeconomic conditions, reinforcing confidence in India's macroeconomic and financial stability," Mishra added.
"By preserving policy flexibility, the MPC has struck the right balance between supporting economic growth and maintaining price stability. The emphasis on a data-dependent policy framework provides the RBI with the necessary room to respond proactively to evolving domestic and global macroeconomic conditions, reinforcing confidence in India's macroeconomic and financial stability," Mishra added.
12:54:37 PM IST, 05 Aug 2026
RBI MPC Live: Malhotra says 'we are neither dovish, nor hawkish'
12:51:36 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: The macroeconomic outlook remains uncertain with the West Asia conflict fueling volatility, economist says
RBI MPC Live: The macroeconomic outlook remains uncertain with the West Asia conflict fuelling volatility in crude oil prices, while strengthening El Niño conditions raise the risk of a weaker monsoon, Vikram Chhabra, senior economist at 360 One Asset said.
"If the geopolitical situation stabilises and the monsoon remains close to normal, we expect the RBI to keep rates unchanged for an extended period. However, if crude oil prices remain elevated and a weak monsoon disrupts agricultural output, driving up food inflation, the RBI may be compelled to raise interest rates by the end of FY27," Chhabra said.
"If the geopolitical situation stabilises and the monsoon remains close to normal, we expect the RBI to keep rates unchanged for an extended period. However, if crude oil prices remain elevated and a weak monsoon disrupts agricultural output, driving up food inflation, the RBI may be compelled to raise interest rates by the end of FY27," Chhabra said.
12:44:47 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Polymer notes to be rolled out by the beginning of next fiscal year
RBI MPC Live: We are targeting that polymer notes are in circulation as per plan in beginning of next financial year, Malhotra says.
12:40:04 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Polymer notes enhance durability, says Malhotra
RBI News Live: 'The polymer note enhances durability and life, and is relevant for lower denomination due to higher velocity, and therefore its life span is lower,' Malhotra said.
The polymer note expands our capacity as the needs of the economy increases, he added.
However, he added, this is still a pilot to test perform and see how it works in the Indian climate.
The polymer note expands our capacity as the needs of the economy increases, he added.
However, he added, this is still a pilot to test perform and see how it works in the Indian climate.
12:36:15 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: 'Nothing to worry', says Malhotra on geopolitical shocks
RBI News Live Updates: RBI Governor Sanjay Malhotra said that the confidence in India economy comes from the way Indian economy, including the institutions, have met these challenges.
"Whether it was COVID, whether it was the Ukraine war, or whether this present shock that we witnessed, we have come out. We have not only faced these challenges, but we have come out stronger. This particular episode of shock is being treated as an opportunity for us to further enhance our resilience, our macroeconomic fundamentals is the other thing," he added.
"Our policy frameworks are robust. Institutions are strong. I think this is what gives us the confidence that come what may, we will emerge stronger from each each episode. There is nothing to worry," Malhotra said.
"Whether it was COVID, whether it was the Ukraine war, or whether this present shock that we witnessed, we have come out. We have not only faced these challenges, but we have come out stronger. This particular episode of shock is being treated as an opportunity for us to further enhance our resilience, our macroeconomic fundamentals is the other thing," he added.
"Our policy frameworks are robust. Institutions are strong. I think this is what gives us the confidence that come what may, we will emerge stronger from each each episode. There is nothing to worry," Malhotra said.
12:29:26 PM IST, 05 Aug 2026
RBI News Live: IT systems of India's major banks and big regulated entities are quite strong & robust, says Malhotra
RBI Monetary Policy Live: The IT systems of our major banks and big regulated entities are quite strong and robust, Malhotra said, adding that the systems have been put in place.
"Checks and balances have been put in place to ensure that they are secured. We have not only guidelines and regulations; we also have a supervision which is done very regularly. Any shortfalls or vulnerabilities are pointed out. Measures to be taken to further strengthen the systems are suggested," he added.
"They are followed up, or they are monitored. They are followed up to ensure that the systems work continuously, while new threats and vulnerabilities keep coming up with new developments in the IT sector at the same time. Our banks and regulated also keep preparing and bringing themselves more secure," Malhotra said.
"Checks and balances have been put in place to ensure that they are secured. We have not only guidelines and regulations; we also have a supervision which is done very regularly. Any shortfalls or vulnerabilities are pointed out. Measures to be taken to further strengthen the systems are suggested," he added.
"They are followed up, or they are monitored. They are followed up to ensure that the systems work continuously, while new threats and vulnerabilities keep coming up with new developments in the IT sector at the same time. Our banks and regulated also keep preparing and bringing themselves more secure," Malhotra said.
12:25:30 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: There is a possibility that the growth my be 7%, says Malhotra
RBI MPC August 2026: "The 6.7% growth that we have estimate, the the outlook that we have given is a is an estimate, and we have also mentioned that the risks are evenly balanced on both sides. We also also give a fan chart. There is a possibility that the growth my be 7%," Malhotra said.
12:22:06 PM IST, 05 Aug 2026
RBI News Live: Malhotra dismisses rumours on 'more banks' in the economy
RBI monetary policy 2026 live: "Given the ambition to have more banks, we obviously have a need. We would like and aspire to have more and more banks. But whether it is coming in the way or not, as I mentioned, has not been examined by us and there is no proposal in which is pending," central bank chief Sanjay Malhotra said.
12:18:15 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra signals a stronger Rupee ahead
Reserve Bank of India MPC: It is quite possible that Rupee strengthens going forward as the tensions and the conflict deescalates, Malhotra said during the post policy press conference.
12:17:33 PM IST, 05 Aug 2026
RBI policy announcement: Malhotra dismisses concerns on Rupee valuation against USD
RBI MPC Meeting 2026 Live: "There can be an argument, as some people have made, that perhaps nominal effective exchange rate terms may be undervalued. There is a lot of uncertainty," RBI Governor Malhotra said.
"It has strengthened over the last one month or so, it has strengthened from 97 levels now to 95 levels. So it has strengthened, and our policy has always been that market prices level and demand we don't pursue," he added.
RBI only intervenes in case there is an excessive volatility, he said, adding that there are speculative pressures that are getting built in, and it is it will be the central bannk's endeavor that the trajectory for rupee remains orderly and there is no disruptive moment.
"It has strengthened over the last one month or so, it has strengthened from 97 levels now to 95 levels. So it has strengthened, and our policy has always been that market prices level and demand we don't pursue," he added.
RBI only intervenes in case there is an excessive volatility, he said, adding that there are speculative pressures that are getting built in, and it is it will be the central bannk's endeavor that the trajectory for rupee remains orderly and there is no disruptive moment.
12:09:26 PM IST, 05 Aug 2026
Monetary Policy Meeting 2026 Live: No proposal under consideration to close the FCNRB deposits scheme prematurely, says Malhotra
RBI Policy 2026 Live: "We have got robust flows as mentioned, and we do hope to get good healthy close going forward. As of now, there is no proposal under consideration to close the scheme prematurely," Malhotra said.
12:08:22 PM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sanjay Malhotra explains MPC's stance on inflation target, repo rate
Monetary Policy Meeting 2026 Live: "What the underlying inflation is and where headline or underlying inflation is going to converge going forward. headline inflation because of food and now because of fuel next shocks will be very volatile, and so as I mentioned even in the earlier press conference that this is volatility is not something that we would like to bring in even in our policy repo rate," RBI Governor Malhotra said.
12:01:55 PM IST, 05 Aug 2026
RBI Policy August 2026: Malhotra & team gear up for to address public queries on latest RBI policy announcement
11:58:05 AM IST, 05 Aug 2026
Monetary Policy Meeting 2026 Live: Malhotra to soon address public queries on latest RBI policy
RBI Policy Live: RBI Governor Sanjay Malhotra to address Post Monetary Policy Press Conference at 12 noon.
11:47:49 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: RBI Governor highlights strong FDI, improving capital inflows
RBI Policy Live: Reserve Bank of India Governor Sanjay Malhotra said gross foreign direct investment inflows rose to $30.7 billion during April-June 2026, reflecting sustained global investor interest in India. He added that foreign portfolio investment has also turned positive during June and July, helped by measures announced by the RBI to attract capital.
As a result, the balance of payments is expected to remain in healthy surplus this year.
As a result, the balance of payments is expected to remain in healthy surplus this year.
11:37:51 AM IST, 05 Aug 2026
RBI monetary policy live: Sanjay Malhotra says India's banking sector remains healthy
RBI MPC Meeting 2026 Live: During the RBI policy statement, Sanjay Malhotra said the country's banking system continues to remain financially sound, with healthy capital adequacy, liquidity and asset quality. He noted that while net interest margins have moderated compared with last year, banks remain well-capitalised.
Malhotra added that non-banking financial companies also continue to maintain adequate capital, improved asset quality and higher profitability.
Malhotra added that non-banking financial companies also continue to maintain adequate capital, improved asset quality and higher profitability.
11:31:59 AM IST, 05 Aug 2026
RBI monetary policy live: Sanjay Malhotra flags weak monsoon and El Niño as risks to growth
RBI MPC Live: RBI Governor Sanjay Malhotra said prospects for agriculture remain uncertain due to deficient and uneven southwest monsoon rainfall amid El Niño conditions. While reservoir levels remain close to normal and government initiatives on crop diversification and climate-resilient farming could provide support, he warned that weather-related shocks and geopolitical disruptions remain key risks to India's growth outlook.
11:24:05 AM IST, 05 Aug 2026
RBI MPC Live: Why is Malhotra & co staying cautious despite resilient growth?
RBI MPC Meeting 2026 Live: Explaining the RBI monetary policy decision, Governor Sanjay Malhotra said uncertainty surrounding the southwest monsoon, El Niño conditions, geopolitical tensions and global trade policy continues to cloud the outlook.
While inflation is expected to rise mainly because of supply-side pressures in food and fuel, he said there is a need for greater clarity on the inflation trajectory before any policy action is considered.
While inflation is expected to rise mainly because of supply-side pressures in food and fuel, he said there is a need for greater clarity on the inflation trajectory before any policy action is considered.
11:14:13 AM IST, 05 Aug 2026
RBI policy live: Inflation pressures remain concentrated in food and fuel, says Malhotra
Reserve Bank of India MPC Live: RBI Governor Sanjay Malhotra said headline inflation has edged above the central bank's target, largely due to food and fuel prices.
However, he noted that the pass-through into broader price pressures remains limited, with core inflation excluding precious metals continuing to stay benign. Malhotra said headline inflation is expected to rise further and peak in the third quarter of FY27 before easing, while underlying inflation is likely to remain contained.
However, he noted that the pass-through into broader price pressures remains limited, with core inflation excluding precious metals continuing to stay benign. Malhotra said headline inflation is expected to rise further and peak in the third quarter of FY27 before easing, while underlying inflation is likely to remain contained.
11:10:56 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra says global economy remains under pressure from West Asia conflict
RBI Monetary Policy Meeting LIVE: During the August MPC meeting, RBI Governor Sanjay Malhotra said the conflict in West Asia continues to weigh on the global economy by disrupting trade routes and supply chains, increasing market volatility and dampening business sentiment.
He also pointed to fresh US tariffs adding to trade uncertainty, saying the global environment has become increasingly unstable. According to RBI MPC statement, global growth is expected to soften while inflation is projected to remain elevated, with crude oil prices, currencies and financial markets continuing to witness volatility.
He also pointed to fresh US tariffs adding to trade uncertainty, saying the global environment has become increasingly unstable. According to RBI MPC statement, global growth is expected to soften while inflation is projected to remain elevated, with crude oil prices, currencies and financial markets continuing to witness volatility.
10:59:02 AM IST, 05 Aug 2026
RBI policy announcement: Sanjay Malhotra & co announces measures for interest rates on advances
RBI Monetary Policy Meeting LIVE: The Reserve Bank has proposed to rationalise the regulatory framework on interest rates for all Regulated Entities (REs) on a principle-based basis. The proposed rationalisation aims to:
(i) harmonise the guidelines across REs while maintaining proportionality
(ii) address certain operational aspects of the current framework on MCLR and EBLR
(iii) standardise certain divergent market practices concerning interest charging, including day count convention and benchmark reset dates.
These measures seek to ensure uniformity, enhance transparency in loan pricing, strengthen monetary transmission and bolster consumer protection, RBI monetary policy committee said, adding that draft directions incorporating these proposals will be issued shortly for public comments.
(i) harmonise the guidelines across REs while maintaining proportionality
(ii) address certain operational aspects of the current framework on MCLR and EBLR
(iii) standardise certain divergent market practices concerning interest charging, including day count convention and benchmark reset dates.
These measures seek to ensure uniformity, enhance transparency in loan pricing, strengthen monetary transmission and bolster consumer protection, RBI monetary policy committee said, adding that draft directions incorporating these proposals will be issued shortly for public comments.
10:55:50 AM IST, 05 Aug 2026
RBI repo rate decision: Economist expect 50 bp of rate hike in 2HFY27
RBI Policy Live: Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, “RBI’s decision of status quo has been in line with expectations. The tone has been well balanced, highlighting the risks and hence the policy decisions ahead being data dependent."
"We continue to see scope for 50 bp of rate hike in 2HFY27, especially as 1QFY28 inflation also continues to look above 5%," the economist added.
"We continue to see scope for 50 bp of rate hike in 2HFY27, especially as 1QFY28 inflation also continues to look above 5%," the economist added.
10:54:38 AM IST, 05 Aug 2026
RBI policy announcement: Central bank to reveal draft guidelines for licensing of Urban Co-operative Banks (UCBs)
RBI MPC meeting live: The RBI policy committee decided to resume licensing of Urban Co-operative Banks (UCBs) on ‘on tap’ basis. The central bank will soon issue draft guidelines for stakeholder consultation.
10:49:15 AM IST, 05 Aug 2026
RBI MPC Live: Check latest lending rates as repo rate kept unchanged in RBI Policy August 2026
RBI Policy August 2026: The central bank kept the key lending rate unchanged as follows:
The MPC also decided to continue with the neutral stance.
- policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.25 per cent.
- standing deposit facility (SDF) rate remains at 5.00 per cent
- marginal standing facility (MSF) rate remains at 5.50 per cent
- bank Rate remain at 5.50 per cent
The MPC also decided to continue with the neutral stance.
10:46:39 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: India remains resilient amid war, climate risks
RBI MPC Meeting 2026 Live: The Indian economy has remained resilient amidst persisting global headwinds, the RBI MPC statement said. Here are the factors contributing to the country's growth.
- High frequency indicators available so far point towards steady domestic demand in Q1.
- Private consumption remained robust. Investment continues to be resilient, as suggested by various indicators related to construction, capital goods and bank credit.
- External demand also sustained, as healthy expansion in services exports was complemented by a rebound in merchandise exports.
10:43:11 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Malhotra & co warns of Iran war impacts
RBI Policy Live: The turbulent global economic environment is likely to have some bearing on domestic economic activity, the RBI Monetary Policy Committee statement said, adding that energy prices and supply chain pressures remain elevated and uncertain.
However, it said, the adverse impact is being contained with various supply side measures.
However, it said, the adverse impact is being contained with various supply side measures.
10:41:23 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: A couple of factors cast risk shadow on India's economy
RBI Policy Live: As RBI Monetary Policy Statement said, El Niño’s impact on temporal and spatial rainfall distribution continues to remain a risk, although proactive supply management and adequate stocks of food grains could provide buffers.
The RBI Policy statement further added that global oil prices have remained volatile with sharp two-way movements triggered by geopolitical developments, blurring the
near-term outlook.
"Although generalised inflation pressures continue to remain modest so far, the risks of higher food, fuel and other input prices translating into a broad-based increase in inflation persist," the central bank said.
The RBI Policy statement further added that global oil prices have remained volatile with sharp two-way movements triggered by geopolitical developments, blurring the
near-term outlook.
"Although generalised inflation pressures continue to remain modest so far, the risks of higher food, fuel and other input prices translating into a broad-based increase in inflation persist," the central bank said.
10:38:40 AM IST, 05 Aug 2026
RBI Policy Live: Which factors are supporting India's growth? Malhotra answers
RBI Monetary Policy Meeting Live: Governor Sanjay Malhotra highlighted that India's growth continues to be supported by resilient domestic demand, sustained expansion in manufacturing and services activity, and robust exports.
These factors reaffirm India’s position as the world's fastest-growing major economy, the central bank said.
These factors reaffirm India’s position as the world's fastest-growing major economy, the central bank said.
11:01:34 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Why did the central bank keep repo rate unchanged?
RBI Meeting Updates Live: During the RBI policy announcement, Governor Sanjay Malhotra said that the growth outlook is hazy because of the uncertainties regarding south-west monsoon, El Niño, geopolitics and global trade policy.
The central bank has adopted a 'wait and watch' approach for the economic conditions, saying, "There is a need for greater clarity to emerge, especially regarding inflation, its path and composition before taking any policy action."
Any such action would also have to consider the need for recalibration of policy rates in line with the evolving growth-inflation dynamics, especially the normalisation of the underlying inflation from its benign levels seen hitherto, the RBI MPC said.
Read more
The central bank has adopted a 'wait and watch' approach for the economic conditions, saying, "There is a need for greater clarity to emerge, especially regarding inflation, its path and composition before taking any policy action."
Any such action would also have to consider the need for recalibration of policy rates in line with the evolving growth-inflation dynamics, especially the normalisation of the underlying inflation from its benign levels seen hitherto, the RBI MPC said.
Read more
10:31:18 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sanjay Malhotra highlights risks related to El Niño conditions
RBI MPC Meeting 2026 Live Updates: Even though the situation is still evolving, RBI Governor Sanjay Malhotra said, deficient and uneven south-west monsoon amidst El Niño conditions poses some risks to agriculture sector’s outlook and rural demand.
"Nevertheless, government’s initiatives pertaining to crop diversification including short duration as well as climate-resilient crops, and water harvesting and conservation, among others, are expected to mitigate the impact. Furthermore, sustained momentum in services, continuing impact of GST rationalisation, and broadly stable employment conditions should continue to support urban demand," he added.
"Nevertheless, government’s initiatives pertaining to crop diversification including short duration as well as climate-resilient crops, and water harvesting and conservation, among others, are expected to mitigate the impact. Furthermore, sustained momentum in services, continuing impact of GST rationalisation, and broadly stable employment conditions should continue to support urban demand," he added.
10:26:19 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: India remains fastest growing economy, prospects for agriculture clouded
RBI MPC Meeting 2026 Live: Governor Sanjay Malhotra highlighted that India remains the fastest growing economy in the world.
However, he said, prospects for agriculture remain clouded.
However, he said, prospects for agriculture remain clouded.
10:23:49 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra shares key update on India's banking system
"Average liquidity in banking system remained above Rs 1 lakh crore since June. Credit growth remains robust, broad-based; central bank will ensure sufficient liquidity in system," RBI Governor Sanjay Malhotra said.
10:22:16 AM IST, 05 Aug 2026
In order to enhance transparency in lending rates, it is proposed to harmonise the regulatory framework on advances across regulated entities
- MPC Live: RBI Governor Sanjay Malhotra
10:21:24 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Central bank to issue draft guidelines for resuming licensing of urban cooperative banks
We are now issuing draft guidelines for resuming licensing of the urban cooperative banks, Malhotra said.
10:18:33 AM IST, 05 Aug 2026
RBI MPC Live: FDI inflows in Q1 accounted for $13.5 billion
10:17:44 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: West Asia war poses upside risks to the foreign exchange reserves, says RBI
10:16:54 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: India's CAD remained sustainable last year
During this year, between April and June, it recorded a surplus, Malhotra said.
10:15:12 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Core inflation projected at 4.3 per cent for FY27
Sanjay Malhotra & co expect core inflation in FY27 to stand at 4.3 per cent.
10:14:19 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Check latest inflation estimates by the central bank
CPI inflation for this year is now projected to be 5% in this is lower than the earlier projection.
- Q2: 4.7
- Q3: 5.9
- Q4: 5.5%
10:13:16 AM IST, 05 Aug 2026
El Nino continues to remain a 'major risk': Malhotra
10:11:34 AM IST, 05 Aug 2026
Looking ahead, the prospects for agriculture are clouded by deficient and uneven. uneven south-hosted monsoons amidst El Nino conditions.
- RBI Governor Sanjay Malhotra
10:11:55 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Real GDP for FY27 projected at 6.7 per cent
The latest GDP projection is 10 bps higher than the previous projection.
10:10:24 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra on impact of re-escalation of the conflict
RBI MPC Meeting 2026 Live: "The re-escalation of the conflict since the first week. week of July has amplified volatility in energy prices. Early results of corporates for Q1 indicate healthy performance in the manufacturing sector," he said.
"Private consumption continued to be driven by buoyant discretionary. Overall, the Indian economy performed better than expected in Q1," Malhotra added.
"Private consumption continued to be driven by buoyant discretionary. Overall, the Indian economy performed better than expected in Q1," Malhotra added.
10:08:57 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sensex holds 300-point gain after RBI keeps rates unchanged; Nifty tops 24,600
10:08:40 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Supply side pressures from West Asia conflict have eased a little bit, Malhotra highlights
10:08:18 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra says growth outlook looks hazy
RBI Monetary Policy Meeting Live: "Growth, although resilient, is expected to be lower in this financial year. The outlook, however, is hazy because of the uncertainties regarding South's global trade policy. There is a need for greater clarity to emerge, especially regarding inflation, its path and composition before taking any policy action," RBI Governor Malhotra said.
10:07:25 AM IST, 05 Aug 2026
West Asia conflict continues to challenge global economy by disrupting key trade routes.
- RBI Governor Malhotra
10:06:41 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Headline inflation projection is primarily on account of supply-side pressures
"To sum up, the MPC noted that even though headline inflation is projected to increase, it is primarily on account of supply-side pressures caused by food and fuel
Core inflation continues to remain moderate, and it is expected to decline after peaking in Q3," RBI Governor Sanjay Malhotra said.
Core inflation continues to remain moderate, and it is expected to decline after peaking in Q3," RBI Governor Sanjay Malhotra said.
10:05:26 AM IST, 05 Aug 2026
Growth continues to be supported by resilient domestic demand.
- RBI Governor Sanjay Malhotra delivers MPC speech
10:04:54 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra says headline inflation edged up above target as expected
RBI Governor Sanjay Malhotra said that headline inflation has edged up above target as expected.
"The higher inflation is mostly on account of food and fuel. Core inflation continues to be benign. Headline inflation is expected to peak in Q3 of this year and there after moderate," he said.
"The higher inflation is mostly on account of food and fuel. Core inflation continues to be benign. Headline inflation is expected to peak in Q3 of this year and there after moderate," he said.
10:03:40 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: MPC decides to keep policy repo rate unchanged at 5.25%; maintain 'neutral' stance
RBI Governor Sanjay Malhotra & co decided to keep repo rate unchanged at 5.25 per cent and maintain a 'neutral' stance.
10:02:14 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: The global economic environment has become increasingly unstable, says Malhotra
10:00:47 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sanjay Malhotra Live!
RBI Monetary Policy Meeting Live: The Reserve Bank of India Governor Sanjay Malhotra has commenced his MPC speech with the backdrop of West Asia tensions, dynamic monsoon estimates and fluctuating global crude prices.
09:52:08 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: All eyes on Malhotra's repo rate decision
RBI MPC Meeting 2026 Live: Investors, economists, bankers and experts await Sanjay Malhotra's repo rate decision as the RBI chief is set to make the key announcement soon.
The August MPC comes at a time when geopolitical tensions continue to simmer due to the ongoing war between the USA and Iran, impacting global energy prices and trade. The central bank is set to share the revised estimates of GDP growth, retail inflation, foreign exchange reserves and is expected to comment on India's monsoon and its impact on the economy.
The August MPC comes at a time when geopolitical tensions continue to simmer due to the ongoing war between the USA and Iran, impacting global energy prices and trade. The central bank is set to share the revised estimates of GDP growth, retail inflation, foreign exchange reserves and is expected to comment on India's monsoon and its impact on the economy.
09:48:01 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Can India withstand global turmoil? Here's what RBI said in June
RBI Monetary Policy Meeting Live: Despite persistent geopolitical tensions in Iran and uncertainty surrounding the West Asia conflict, the Reserve Bank of India said the domestic economy remained relatively strong.
In its concluding remarks after the June policy meeting, Governor Sanjay Malhotra acknowledged that global developments had affected India's growth and inflation outlook but stressed that the country was better placed to navigate external shocks. The central bank chief said it would continue to calibrate policies to address emerging challenges while further strengthening India's macroeconomic fundamentals.
In its concluding remarks after the June policy meeting, Governor Sanjay Malhotra acknowledged that global developments had affected India's growth and inflation outlook but stressed that the country was better placed to navigate external shocks. The central bank chief said it would continue to calibrate policies to address emerging challenges while further strengthening India's macroeconomic fundamentals.
09:39:59 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sensex rises 342 points, Nifty above 24,600
RBI Monetary Policy Meeting Live: Indian markets opened in green ahead of RBI MPC policy announcement. Sensex rose around 342 points with Nifty topping the 24,600 mark on Wednesday morning.
09:38:00 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Why are economists expecting the RBI to stay on hold today?
RBI Monetary Policy Meeting Live: The Reserve Bank of India is widely expected to leave the benchmark repo rate unchanged at 5.25% when the Monetary Policy Committee announces its decision later today.
Analysts also expect the central bank to retain its neutral policy stance, supported by easing inflation, resilient economic growth and comfortable external sector indicators. The expected status quo comes as key macroeconomic data since the June policy review has broadly evolved more favourably than the RBI had anticipated.
Analysts also expect the central bank to retain its neutral policy stance, supported by easing inflation, resilient economic growth and comfortable external sector indicators. The expected status quo comes as key macroeconomic data since the June policy review has broadly evolved more favourably than the RBI had anticipated.
09:33:37 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: What's dividing economists ahead of the RBI policy?
RBI Monetary Policy Meeting Live: While there economists are projecting unchanged repo rate, they are split on whether the RBI will revise its FY27 inflation forecast of 5.1%.
Goldman Sachs and Standard Chartered expect the central bank to lower its inflation projection, citing crude oil prices remaining below the assumptions used in the June policy. On the other hand, Gaura Sen Gupta, Chief Economist at IDFC First Bank, believes the RBI is likely to retain its forecast, arguing that uncertainty over future oil price spikes warrants caution despite softer-than-expected inflation in the June quarter.
Goldman Sachs and Standard Chartered expect the central bank to lower its inflation projection, citing crude oil prices remaining below the assumptions used in the June policy. On the other hand, Gaura Sen Gupta, Chief Economist at IDFC First Bank, believes the RBI is likely to retain its forecast, arguing that uncertainty over future oil price spikes warrants caution despite softer-than-expected inflation in the June quarter.
09:27:53 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sanjay Malhotra & co warned Indians of inflation risks from oil prices and weak monsoon
RBI Monetary Policy Meeting LIVE: Even as headline inflation remained below target in early 2026, the RBI cautioned that upside risks were building.
In June MPC meeting, the central bank flagged higher crude oil prices, increasing input costs, a forecast of below-normal southwest monsoon and the possibility of El Niño conditions as key risks to the inflation outlook. It also warned that second-round effects on wages and inflation expectations would require close monitoring.
In June MPC meeting, the central bank flagged higher crude oil prices, increasing input costs, a forecast of below-normal southwest monsoon and the possibility of El Niño conditions as key risks to the inflation outlook. It also warned that second-round effects on wages and inflation expectations would require close monitoring.
09:26:53 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Indian markets open in green ahead of RBI policy
RBI Monetary Policy Meeting LIVE: Indian shares opened higher ahead of the central bank's policy decision. Investors are betting on unchanged repo rates and look for clues on the inflation and growth outlook.
By 9:15 IST, the Nifty was up 0.22% at 24,669.2, while the BSE Sensex added 0.8% to 79,055.38. Twelve of the 16 major sectors logged gains at the opening bell with broader small-caps and mid-caps gaining 0.5% and 0.6%, respectively.
By 9:15 IST, the Nifty was up 0.22% at 24,669.2, while the BSE Sensex added 0.8% to 79,055.38. Twelve of the 16 major sectors logged gains at the opening bell with broader small-caps and mid-caps gaining 0.5% and 0.6%, respectively.
09:20:38 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Sensex climbs over 450 pts ahead of Malhotra's address
RBI Monetary Policy Meeting Live: Sensex climbed up 450 points with Nifty rising above 24,600 ahead of RBI Governor Sanjay Malhotra's announcement on repo rate, GDP growth, inflation and foreign exchange reserves of the Indian economy.
09:17:18 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Rupee optimistic about Malhotra's repo rate verdict
RBI Monetary Policy Meeting Live: Rupee opened below 95 for the first time since July 8, 2026 at 94.92 per USD.
09:15:33 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra & co faces a stark choice. But what is it?
RBI Monetary Policy Meeting Live: During the RBI MPC meeting today, the central bank faces a stark choice: hold rates steady and risk a more persistent inflation problem or raise rates and risk choking growth.
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09:01:12 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra's stance on forex inflows awaited
RBI Monetary Policy Meeting Live: Economists expect the RBI to highlight robust foreign exchange inflows during today's policy announcement.
Madhavi Arora, Chief Economist at Emkay Global, believes the central bank could balance its cautious stance on global developments with optimism over dedicated forex-inflow programmes, which mobilised nearly $41 billion by July-end. At the same time, Sonal Badhan of Bank of Baroda expects the RBI to continue emphasising vigilance amid uncertainty stemming from the conflict in West Asia.
Madhavi Arora, Chief Economist at Emkay Global, believes the central bank could balance its cautious stance on global developments with optimism over dedicated forex-inflow programmes, which mobilised nearly $41 billion by July-end. At the same time, Sonal Badhan of Bank of Baroda expects the RBI to continue emphasising vigilance amid uncertainty stemming from the conflict in West Asia.
08:52:28 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Will central bank's repo rate decision impact the Rupee?
The Indian rupee is expected to strengthen further on Wednesday, with a continued decline in oil prices, lifting the currency past the 95-per-dollar mark.
According to Reuters, the currency is expected to open in the 94.94 to 95.02 range after settling at 95.3775 against the dollar on Tuesday. Following the repo rate announcement, a break past the 95 mark would lift the rupee to its highest level in a month, extending its recovery from recent lows to nearly 2%.
The trader, as quoted by Reuters, said the RBI's policy decision was unlikely to have a significant market impact, given the limited scope for surprises.
According to Reuters, the currency is expected to open in the 94.94 to 95.02 range after settling at 95.3775 against the dollar on Tuesday. Following the repo rate announcement, a break past the 95 mark would lift the rupee to its highest level in a month, extending its recovery from recent lows to nearly 2%.
The trader, as quoted by Reuters, said the RBI's policy decision was unlikely to have a significant market impact, given the limited scope for surprises.
08:35:00 AM IST, 05 Aug 2026
RBI MPC Meeting 2026 Live: Malhotra & co expected inflation to rise later in FY27
RBI Monetary Policy Meeting Live: As we await Sanjay Malhotra's MPC statement today, here is a quick look on central bank's inflation projections from the June meeting.
The RBI projected consumer inflation at 5.1% for FY27, with price pressures expected to intensify during the second and third quarters before easing. While foodgrain stocks and reservoir levels provided some comfort, the central bank warned that higher fuel costs, rising prices of industrial inputs and weather uncertainties could push inflation higher in the coming months.
The RBI projected consumer inflation at 5.1% for FY27, with price pressures expected to intensify during the second and third quarters before easing. While foodgrain stocks and reservoir levels provided some comfort, the central bank warned that higher fuel costs, rising prices of industrial inputs and weather uncertainties could push inflation higher in the coming months.
08:25:16 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Why RBI left rates unchanged in the June MPC meeting?
RBI MPC Meeting 2026 Live: The Monetary Policy Committee unanimously kept the repo rate unchanged at 5.25% during its June meeting, while retaining the neutral policy stance.
The RBI said inflation remained below the 4% target despite external shocks, but rising geopolitical risks, elevated energy prices and uncertainty over supply chains warranted caution. Policymakers preferred to wait for greater clarity before making any policy adjustments.
The RBI said inflation remained below the 4% target despite external shocks, but rising geopolitical risks, elevated energy prices and uncertainty over supply chains warranted caution. Policymakers preferred to wait for greater clarity before making any policy adjustments.
08:15:00 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Sanjay Malhotra & co's decisions would be driven primarily by domestic macroeconomic conditions, expert says
RBI MPC Meeting 2026 Live: Vinay Pai, MD & Head of Fixed Income at Equirus Capital, said the RBI's policy decisions would be driven primarily by domestic macroeconomic conditions rather than closely tracking global monetary policy.
"The upcoming monetary policy will primarily be guided by domestic inflation, liquidity conditions and economic growth rather than mirroring global monetary policy developments," he said.
According to Pai, if global yields remain elevated and debt inflows weaken, the RBI is likely to maintain a neutral and cautious policy stance rather than aggressively easing rates. He added that the central bank would also need to ensure adequate domestic and foreign currency liquidity through appropriate measures to maintain orderly financial market conditions.
"The upcoming monetary policy will primarily be guided by domestic inflation, liquidity conditions and economic growth rather than mirroring global monetary policy developments," he said.
According to Pai, if global yields remain elevated and debt inflows weaken, the RBI is likely to maintain a neutral and cautious policy stance rather than aggressively easing rates. He added that the central bank would also need to ensure adequate domestic and foreign currency liquidity through appropriate measures to maintain orderly financial market conditions.
08:05:01 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: June Policy highlights
RBI MPC 2026 Live: Ahead of today's policy decision, here's a quick recap of the key announcements made by the RBI in its June MPC review:
- Repo rate unchanged: The MPC unanimously kept the repo rate at 5.25% while retaining the neutral policy stance.
- FY27 growth forecast: The RBI projected real GDP growth at 6.6%, citing global headwinds from the West Asia conflict.
- Inflation outlook: CPI inflation for FY27 was pegged at 5.1%, with risks stemming from higher crude oil prices, supply-chain disruptions and weather uncertainties.
- Foreign capital measures: The RBI announced a series of steps to boost capital inflows, including easing FPI norms, expanding the Fully Accessible Route (FAR) for government securities, and incentivising ECBs and FCNR(B) deposits.
- Forex policy: The central bank reiterated that it does not target any specific rupee level but will continue to curb excessive volatility and ensure orderly market conditions.
07:58:19 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Malhotra & co flagged global uncertainty amid West Asia conflict in June policy
RBI MPC Meeting 2026 LIVE: In its June monetary policy statement, the Reserve Bank of India (RBI) highlighted growing uncertainty in the global economy due to the prolonged geopolitical conflict in West Asia. The central bank said disruptions to trade routes and supply chains, elevated energy prices, volatile financial markets and cautious business sentiment were weighing on global growth.
It also noted that advanced economy central banks were becoming more cautious amid renewed inflation concerns, while emerging market currencies faced pressure from risk-off investor sentiment.
It also noted that advanced economy central banks were becoming more cautious amid renewed inflation concerns, while emerging market currencies faced pressure from risk-off investor sentiment.
07:47:04 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Where to watch Sanjay Malhotra's address
RBI Meeting Updates Live: Governor Sanjay Malhotra's Monetary Policy Statement and Post-Monetary Policy Press Conference can be accessed through live streams across official channels of the central bank, including YouTube and X.
You can also track live updates of the RBI MPC August on our liveblog and watch the live streaming on ET website.
You can also track live updates of the RBI MPC August on our liveblog and watch the live streaming on ET website.
07:48:40 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: RBI MPC date and time
RBI Meeting Updates Live: RBI Governor Sanjay Malhotra will deliver the Monetary Policy Statement at 10 AM on Wednesday, with a Post-Monetary Policy Press Conference scheduled at 12 noon.
07:35:43 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Check latest India GDP projection by RBI
RBI Meeting Updates Live: The RBI projected India's growth for FY27 at 6.6%. While domestic demand, services activity and government capital expenditure were expected to remain supportive, the central bank warned that elevated energy prices, supply chain disruptions and weak global demand could weigh on economic activity.
Weather-related risks and prolonged geopolitical uncertainty also remained key downside risks to growth.
Weather-related risks and prolonged geopolitical uncertainty also remained key downside risks to growth.
07:34:29 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: What was Sanjay Malhotra's key message after the June MPC meeting?
RBI Meeting Updates Live: The central bank's message in June hinted at cautious confidence. While acknowledging that prolonged geopolitical tensions and global uncertainty had worsened the growth-inflation trade-off, the RBI Governor Sanjay Malhotra maintained that India's economic fundamentals remained strong.
He said policy efforts would focus on navigating near-term risks without losing sight of the broader objective of making the economy more resilient against future external shocks.
He said policy efforts would focus on navigating near-term risks without losing sight of the broader objective of making the economy more resilient against future external shocks.
07:32:54 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Will the RBI hold repo rate today? Economists think so
RBI Meeting Updates Live: A broad consensus has emerged ahead of today's RBI Monetary Policy Committee (MPC) decision, with all 12 economists surveyed by The Economic Times expecting the central bank to keep the repo rate unchanged at 5.25% for a fourth straight review.
Economists also unanimously expect the RBI to retain its neutral policy stance. While the policy is widely seen as a "wait-and-watch" meeting, analysts say policymakers are likely to closely assess evolving global risks before signalling their next move.
Economists also unanimously expect the RBI to retain its neutral policy stance. While the policy is widely seen as a "wait-and-watch" meeting, analysts say policymakers are likely to closely assess evolving global risks before signalling their next move.
07:32:06 AM IST, 05 Aug 2026
RBI Monetary Policy Meeting Live: Welcome to ET's MPC coverage
RBI Meeting Updates Live: Hello ET readers!
Welcome to the live coverage of RBI MPC August 2026. Governor Sanjay Malhotra, along with other members of the Monetary Policy Committee began deliberations on Monday, with market participants widely expecting the central bank to keep the benchmark repo rate unchanged while maintaining a neutral stance amid evolving domestic inflation dynamics and global uncertainties.
Welcome to the live coverage of RBI MPC August 2026. Governor Sanjay Malhotra, along with other members of the Monetary Policy Committee began deliberations on Monday, with market participants widely expecting the central bank to keep the benchmark repo rate unchanged while maintaining a neutral stance amid evolving domestic inflation dynamics and global uncertainties.