The Monetary Policy Committee (MPC) of the Reserve Bank of India has increased the policy repo rate by 25 basis points to 5.50 per cent following its 63rd meeting from October 5 to 7, 2026. The committee also decided to change the stance to calibrated tightening.
The Monetary Policy Committee (MPC) of the Reserve Bank of India held its 63rd meeting from October 5 to 7, 2026, under the chairmanship of Shri Sanjay Malhotra. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 bps to 5.50 per cent. Consequently, the standing deposit facility (SDF) rate stands adjusted at 5.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 5.75 per cent. The MPC also decided to change the stance to calibrated tightening.
Source:
Reserve Bank of India
