The Reserve Bank of India ( RBI ) conducted the 57th and 4 th Bi-monthly Monetary Policy Committee Meeting ( MPC) of Financial Year (FY) 2025-26 from September 29 to October 1,2025 under the chairmanship of Shri Sanjay Malhotra, Governor, RBI.

The meeting was attended by the MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya.

RBI retains repo rate at 5.5%, Maintains ‘Neutral’ stance :

Rate unchanged: All the MPC members voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.5%.

Consequently, the standing deposit facility (SDF) rate shall remain unchanged at 5.25% and the marginal standing facility (MSF) rate and the bank rate at 5.75%

The MPC also

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