RBI Monetary Policy Meeting June 2026 Highlights: RBI keeps repo rate unchanged, revises GDP growth forecast to 6.6% from 6.9% (original) (raw)

RBI Monetary Policy Meeting June 2026 LIVE: RBI Governor Sanjay Malhotra is set to announce monetary policy on Friday, (Express photo)

RBI Policy Meeting Today Highlights: After the three-day meeting held by the Reserve Bank of India’s Monetary Policy Committee, the central bank decided to keep its repo rate unchanged at 5.25% and stance neutral. The cautious move was widely expected amid the Iran war-related energy supply disruptions and falling rupee. RBI also revised the real GDP growth to 6.6% from the previous 6.9%.

RBI Governor Sanjay Malhotra said that the CPI inflation remains below the target despite global shock as the pass-through to domestic prices has been limited. “While the baseline projections point towards headline inflation forming up towards the upper tolerance level in Q3 this year. The impact of the supply shock is expected to wane Q4 onwards. The underlying inflation pressures continue to remain benign at this juncture,” he said.

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The MPC’s decisions comes amid volatile global conditions driven by ongoing tensions in West Asia and volatile global crude oil and gas prices After falling by more than 10% against the US dollar over the last year, the RBI thinks the rupee is now undervalued, with Governor Sanjay Malhotra saying as much in an interview last week, pointing at the currency’s Real Effective Exchange Rate, which fell to 90.96 in April – the lowest since September 2013.

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