RBI Monetary Policy 2025 LIVE Updates: The Reserve Bank of India (RBI) has announced its monetary policy decision today, Wednesday, 1 October 2025. The fourth bi-monthly meeting of the Monetary Policy Committee (MPC) for FY26, chaired by RBI Governor Sanjay Malhotra, was held from September 29 to October 1, and the repo rate decision was announced today.
RBI Policy Expectations
The RBI MPC kept the repo rate unchanged at 5.50% and maintained the policy stance as ‘Neutral’. This marked the second consecutive pause following a cumulative 100 basis point (bps) rate cut earlier in the year.
The October RBI policy decision comes in the backdrop of the government’s recent GST rate reduction and retail inflation remaining below the RBI’s medium-term target of 4%.
In the August policy meeting, the MPC had kept the repo rate steady at 5.50%, having already frontloaded monetary easing through a rate cut and a 100 bps reduction in the cash reserve ratio (CRR). The policy stance was also retained as ‘Neutral’.
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