The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.25 per cent, maintaining status quo in its first policy review for FY27. The decision was announced by RBI Governor Sanjay Malhotra following the three-day meeting held from April 6–8.
The committee also retained its ‘neutral’ stance, signalling a balanced approach amid evolving macroeconomic conditions.
The policy comes against the backdrop of heightened geopolitical tensions in West Asia, which have pushed up crude oil prices and weighed on the rupee. The decision follows the RBI’s February 2026 policy, where the repo rate was held at 5.25 per cent after cumulative rate cuts of 125 basis points through 2025.
Among other key rates, the standing deposit facility (SDF) rate remains at 5 per cent, while the marginal standing facility (MSF) rate and the bank rate have been retained at 5.5 per cent.
