RBI MPC Meeting 2026: Governor Sanjay Malhotra to Announce Repo Rate Decision Today
The Reserve Bank of India (RBI) is poised to unveil its latest monetary policy decision today, Friday, February 6, 2026. This announcement marks a critical moment for the Indian economy, as the central bank's decisions will influence financial markets, lending rates, and overall economic stability. The six-member Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, has concluded its sixth and final bi-monthly meeting of the fiscal year 2025-26 after extensive deliberations held from February 4 to February 6.
Key Announcements and Timing
Governor Sanjay Malhotra is scheduled to make the much-anticipated fiscal policy announcement at 10:00 AM today. The announcement will cover the repo rate outlook, liquidity measures, and a comprehensive market appraisal by the central bank. Since February 2025, the RBI has already implemented a cumulative reduction of 125 basis points in the policy repo rate, signaling a proactive approach to managing economic conditions. This policy review is particularly significant as it follows key developments, including the presentation of the Union Budget for 2026-27 and the announcement of the India–US trade agreement, which could impact monetary policy considerations.
Expectations from Today's RBI Policy
Market analysts and economists largely expect the MPC to maintain the repo rate unchanged at 5.25%. Attention is likely to shift towards liquidity conditions and the effectiveness of policy transmission mechanisms. In its previous review in December, the RBI had lowered the repo rate by 25 basis points while maintaining a neutral policy stance. With growth and inflation trends remaining supportive, the central bank has been actively infusing liquidity in recent months through various operations, such as Variable Rate Repo (VRR) operations and Open Market Operations (OMOs).
Market participants will be keenly watching Governor Malhotra's remarks for signals on the continuation of these liquidity measures and any forward guidance on future policy actions. The outcome of this meeting could have far-reaching implications for borrowers, investors, and the broader economic landscape, as the RBI balances inflationary pressures with growth objectives in a dynamic global environment.
