The Countdown to RBI’s Big Reveal
With the clock striking 09:10 PM IST on September 27, 2025, anticipation builds for the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting, set for September 29 to October 1. This fourth session of FY26 will conclude with Governor Sanjay Malhotra’s announcement on October 1 at 10:00 AM IST, followed by a press conference. Amid easing inflation and global uncertainties, markets are keenly awaiting potential rate adjustments and liquidity measures that could shape India’s economic trajectory.
Meeting Schedule and Live Viewing
The MPC’s three-day deliberation begins on September 29, with the resolution unveiled on October 1. Catch it live via:
- RBI’s YouTube Channel: Stream the announcement and Q&A.
- Social Media: Follow RBI on X (formerly Twitter) for real-time updates.
- Official Websites: RBI, Ministry of Finance, and PIB for detailed documents.
Financial Express will offer live coverage, analyzing policy implications and economic outlook.
What Happened in August
The August MPC held the repo rate at 5.50% with a neutral stance, just before US tariffs hit 50% on August 27. The decision reflected a robust monsoon, easing inflation, and rising capacity utilization, with RBI sticking to its 6.5% FY26 GDP growth forecast despite global headwinds.
June’s Bold Move
August’s hold followed three rate cuts totaling 100 bps earlier in 2025. The June meeting delivered a 50 bps “jumbo” cut, lowering the repo from 6.00% to 5.50%, paired with a 100 bps CRR reduction to boost liquidity. This marked RBI’s boldest move since the pandemic, addressing growth slowdowns.
Table: Recent MPC Decisions
| Meeting | Repo Rate Change | Stance | Key Action |
|---|---|---|---|
| June 2025 | -50 bps (to 5.50%) | Neutral | CRR Cut 100 bps |
| August 2025 | Unchanged | Neutral | GDP Retained 6.5% |
Factors Shaping the October Outlook
The MPC will weigh inflation (currently 3.2%), the 6.5% growth target, global developments, and domestic demand-supply dynamics. With US jobs data and Fed moves in focus, RBI must balance tariff impacts and liquidity needs.
FAQs
- When is the announcement? October 1, 2025, at 10:00 AM IST.
- Where to watch? RBI YouTube or official websites.
- August outcome? Repo held at 5.50%, neutral stance.
- June highlight? 50 bps cut and 100 bps CRR reduction.
- What drives decisions? Inflation, growth, global trends, and domestic balance.
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