Reserve Bank of India Monetary Policy Committee meeting: Key takeaways

RBI projects inflation at 3.1% during FY26, lower from June estimates of 3.7%.

Reserve Bank of India (RBI) Governor Sanjay Malhotra.

Credit: Reuters Photo

The Reserve Bank of India (RBI) kept its key repo rate steady at 5.50 per cent on Wednesday, in line with expectations, as policymakers waited to see the impact of recent rate cuts amid rising global trade uncertainties.

Here are the key takeaways from the RBI Monetary Policy Committee (MPC) meeting today:

Current account deficit likely to remain at sustainable level: RBI Governor Sanjay Malhotra.

RBI projects inflation at 3.1 pc during FY26, lower from June estimates of 3.7 pc.

RBI retains GDP growth forecast for current fiscal year at 6.5 pc with risk evenly balanced; geopolitical tensions pose headwinds: RBI Guv.

Financial parameters related to capital adequacy and liquidity of public sector banks remain healthy

Above normal monsoon, lower inflation continue to support economic activity: RBI Governor.

Growth in industrial sector remained subdued and uneven: RBI Governor.

Monetary Policy Committee (MPC) decided to continue with neutral stance, says RBI Governor.

Monsoon progressing well, which brings buoyancy in the economy, says RBI Governor Sanjay Malhotra.

While headline inflation is much lower than expected, it is largely due to volatile food prices.

The central bank has cut the policy repo rate by 100 bps so far in 2025 as price pressures ease, but US President Donald Trump is ramping up threats to raise tariffs on goods from India over its Russian oil purchases.

- With PTI, Reuters inputs