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October 2026
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FEMA & RBIRBI raises repo rate by 25 bps to 5.50%, changes stance to calibrated tightening; SDF 5.25%, MSF and Bank Rate 5.75% with immediate effect
Repo rate 5.50%Rule changeThe Monetary Policy Committee, at its 63rd meeting on 5–7 October 2026, voted unanimously to increase the policy repo rate by 25 basis points to 5.50 per cent and changed the stance to calibrated tightening. The SDF rate stands at 5.25 per cent and the MSF rate and Bank Rate at 5.75 per cent, all with immediate effect. RBI projects real GDP growth of 7.1 per cent and CPI inflation of 5.2 per cent for 2026-27.
August 2026
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FEMA & RBIRBI keeps repo rate unchanged at 5.25%, stance neutral; next MPC meeting on 5–7 October 2026
5.25%The Monetary Policy Committee voted unanimously to hold the repo rate. GDP growth for 2026-27 is projected at 6.7% and CPI inflation at 5.0%.
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