RBI keeps repo rate unchanged at 5.25%; FY27 growth raised to 6.7%

8 August 2026National

The Reserve Bank of India (RBI) concluded its 62nd meeting — the 3rd bi-monthly Monetary Policy Committee (MPC) meeting of FY2026-27 — held 3-5 August 2026 under Governor Sanjay Malhotra. The MPC voted unanimously (6-0) to keep the repo rate unchanged at 5.25% and retained the neutral stance (fourth consecutive status-quo policy). The SDF rate stays at 5.00% and the MSF rate and Bank Rate at 5.50%. The RBI raised its FY27 real GDP growth forecast to 6.7% (from 6.6%) and cut CPI inflation projection to 5.0% (from 5.1%) on softer crude prices. It also released draft guidelines for on-tap licensing of Urban Co-operative Banks (UCBs).

Static GK

RBI Governor: Sanjay Malhotra (26th) | Established: 1 April 1935 | HQ: Mumbai | MPC: 6 members, majority vote, Governor has casting vote | Repo = RBI lends to banks; SDF is LAF floor, MSF the ceiling.

⚡ Quick Revision

RBI's Aug 2026 MPC held the repo rate at 5.25% with a neutral stance, raised FY27 GDP growth to 6.7% and cut CPI inflation to 5.0%. • It was the RBI's 62nd MPC meeting, chaired by Governor Sanjay Malhotra. • SDF stayed 5.00%; MSF and Bank Rate at 5.50%.

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