BI Monetary Policy February 6, 2026, RBI MPC Meeting Live news & Updates: Here are the major live updates related to the latest bi-monthly RBI Monetary Policy Committee meeting.
The Monetary Policy Committee (MPC) met on the 4th, 5th and 6th of February to deliberate and decide on the policy repo rate. This was the sixth and last monetary policy meeting of the current financial year. The MPC also decided to continue with the neutral stance. Ram Singh, Director, Delhi School of Economics , retained his view that the stance be changed from neutral to accommodative.
The repo rate continues at 5.25 per cent. Since the MPC embarked on the rate cut cycle in February 2025, the repo rate has cumulatively been cut by 125 basis points so far from 6.50 per cent. The repo rate was last cut in the December 2025 bi-monthly policy review from 5.50 per cent to 5.25 per cent.
Governor Sanjay Malhotra emphasised that the economy continues to remain resilient and low inflation provides the leeway to remain growth supportive.
“Overall, the near-term domestic inflation and growth outlook remain positive….The underlying inflation continues to be low…On the growth front, economic activity remains resilient.
“The First Advance Estimates suggest continuing growth momentum, driven by domestic factors amidst a challenging external environment. The growth outlook remains favourable,” Malhotra said.
He emphasised that based on a comprehensive review of the domestic macroeconomic conditions and the outlook, the MPC is of the view that the current policy rate is appropriate.
RBI MPC Live: Key Highlights
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Repo Rate: Kept unchanged at 5.25%.
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Standing Deposit Facility (SDF): Remains at 5.00%.
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Marginal Standing Facility (MSF) & Bank Rate: Held at 5.50%.
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Policy Stance: Maintained as ‘Neutral’
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Inflation (CPI): Projected at 2.1% for FY26
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GDP Growth Projection: FY26: 7.4%.; Q1 FY27: 6.9%. Q2 FY27: 7.0%.
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Banks can lend to REITs
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The ₹2.5 lakh crore limit for the VRR for foreign investors removed
- February 6, 2026 12:18
Guv: We are confident of meeting our external sector responsibilities. We have twice the reserves of our short-term debt
- February 6, 2026 12:17
Guv: Safe harbour rules for IT, it’s a big move for tax certainty. All the GCCs will vastly gain from this measure
- February 6, 2026 12:17
Guv: This year we have witnessed record deals in the Banking and NBFC space, record $15 bn FDI has come in…
- February 6, 2026 12:15
Guv: CD ratio are cyclical. When credit is more than deposit, it is expected the CD ratio will go up
For us it is not the CD ratio which is important… it is liquidity
Our macro fundamentals including external sector are very strong, robust, healthy
Near-term, medium-term outlook is healthy, favourable
Trade agreements will help on trade and investments
- February 6, 2026 12:14
Guv: We reviewed the liquidity management framework… not many changes were announced.
“This is a complex subject. Treps, call money and repo markets have a high linkage and we decided not to change it”
- February 6, 2026 12:13
Guv: We will continue to provide sufficient liquidity… With respect to govt borrowing program, the gross numbers are not the correct way to look at it
If you look at the net numbers – this year Rs 11.3 lakh crore, next year Rs 11.7 lakh crore…The growth in net Govt borrowing programme is much less…Money will be raised also through the T-bills.. will help in managing yield curve better
Dy Guv Rabi Shankar: Buybacks have not been factored in at this time … they will be factored in during the course of the year…with buybacks gross borrowing programme will come down…
- February 6, 2026 12:10
Quote: Rishabh Periwal, Senior Vice President, Pioneer Urban Land & Infrastructure Ltd
“The RBI Monetary Policy Committee’s decision to maintain the repo rate at 5.25% provides much-needed stability to the real estate sector. This follows the cumulative 125 basis points rate reduction during 2025, which has already supported borrowing sentiment and improved affordability. A steady rate environment ensures predictability in home loan costs, encouraging buyer confidence and sustaining housing demand. For developers, stable funding conditions and improved liquidity visibility enable better planning of project launches and execution timelines. Overall, this decision reinforces a growth-oriented environment and strengthens confidence across key real estate markets.”
- February 6, 2026 12:10
Quote: Amit Prakash Singh, Co-founder & CBO, Urban Money
“From a mortgage and lending perspective, the RBI’s decision to keep the repo rate unchanged at 5.25 percent provides much needed policy stability for the home loan market. With the benefits of earlier rate cuts yet to be fully transmitted, efficient and timely pass through by lenders will be critical to sustain demand. Stable rates improve borrower confidence, encourage planned credit spending and support disciplined balance sheet decisions, especially for first time homebuyers and upgraders who remain sensitive to even marginal changes in borrowing costs.”
- February 6, 2026 12:08
Quote: Kunal Shah, Co-founder, SURE
“The RBI’s decision to keep the repo rate unchanged at 5.25% as the MPC committee believes that outlook on growth and inflation are positive. Successful completion of trade deal with US augurs well for growth and outlook on inflation is closer to 4% target.
RBI has infused approximately Rs 13.70 lakh crores of liquidity in the banking system in current financial year (including dividend of Rs 2.70 lakh crores), apart from the this interest rates are reduced by 1.25%. Status quo will allow the economy to absorb the monetary changes introduced over the course of the last financial year. Neutral chance also ensure, RBI can deliver another rate cut if outlook on inflation turns favourable and global commodity prices normalise.
From a lending perspective, having maintained a neutral stance provides more certainty to both banks and borrowers on the earlier repo rate cuts. For borrowers, this stability means interest rates are less likely to see sudden movement. Existing borrowers will see more stable monthly outgo, while new buyers are better positioned to plan their home purchases with confidence, aided by predictable EMIs and stable rates improved affordability driven by prior easing.”
- February 6, 2026 12:08
Quote: Vikrant Chaturvedi, Associate Director – Research, Brickwork Ratings
“The RBI MPC’s unanimous decision to keep the repo rate unchanged at 5.25 percent and maintain a neutral stance signals confidence in India’s macroeconomic resilience, with growth holding firm even as inflation remains decisively benign. With FY2026 CPI inflation projected at a low 2.1 percent and underlying pressures well contained, the policy pause suggests that the current rate setting is appropriately calibrated to support demand without jeopardising price stability. Importantly, the MPC’s upward revision to its GDP growth projections for early FY2027 to 6.9 percent in Q1 and 7.0 percent in Q2, underscores the strength of domestic growth drivers, particularly services, investment and consumption. Notably, the absence of any explicit liquidity guidance in the policy statement points to a preference for letting financial conditions evolve organically rather than actively easing them at this stage. The MPC’s emphasis on reassessing the policy path after the release of the new GDP and CPI series later this month reinforces its data-dependent approach. From a credit ratings perspective, stable policy rates and strong growth are supportive of debt-servicing capacity and ratings stability, although a less accommodative liquidity environment could temper the benefits for highly leveraged and liquidity-sensitive borrowers amid persistent external volatility.”
- February 6, 2026 12:08
Quote: Vikas Garg, Head – Fixed Income, Invesco Mutual Fund
“As expected, it was a non-event policy, with the RBI maintaining the status quo on both policy rates and stance. The RBI revised Q1/Q2 FY27 GDP estimates upward, supported by robust commentary driven by strong domestic factors and recent tariff related trade agreements. Q1/Q2 FY27 inflation projections were also revised slightly higher, though nothing concerning. Full year FY27 projections will be released in the April policy, incorporating the revised CPI and GDP series. While the Governor reiterated a pre emptive approach to liquidity management, the absence of specific announcements on additional liquidity measures disappointed the market. The current growth inflation dynamics suggest that the present rate cut cycle may have come to an end, unless growth surprises negatively. For now, we expect an extended pause in policy rates. However, the RBI may continue to infuse durable liquidity through OMOs to aid better rate cut transmission, particularly in the short tenor segment.”
- February 6, 2026 12:07
Quote: Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS
The RBI’s decision to maintain the repo rate and retain a neutral stance was in line with expectations. Despite global volatility, GDP growth for FY26 has been revised marginally upwards to 7.4%, from 7.3% earlier. The inflation outlook remains comfortable, although the FY26 forecast has seen a slight uptick to 2.1% from 2.0%. While the possibility of a further 25 bps rate cut in upcoming policy meetings cannot be entirely ruled out, it appears unlikely, particularly in light of the India–US trade deal announcement, healthy GDP growth, contained CPI inflation, and improving trends in credit growth.
For banks, Q3 marked a clear inflection point in credit growth, with momentum expected to continue. Secured retail segments continue to demonstrate healthy growth, while unsecured segments are showing gradual signs of revival. Corporate credit growth has remained reasonably robust, especially for larger banks. NIM trends were divergent in Q3: large banks reported stable margins, while mid- and small-sized banks outperformed, posting healthy improvements. Heading into Q4, we expect NIMs to remain steady to marginally improve, as the impact of the December ’25 rate cut is yet to fully play out. Continued deposit repricing, albeit at a slower pace, should provide support to margins. Credit costs have turned the corner and are expected to improve further as stress in unsecured portfolios moderates. Slippages are likely to trend lower, and the asset quality outlook remains favourable. Overall, we expect banks to deliver healthy earnings growth over the medium term. We remain positive on select large banks such as Kotak Mahindra Bank and SBI, and prefer Federal Bank, City Union Bank, and Ujjivan SFB among SMID banks.
- February 6, 2026 12:06
Quote: Sameer Sawant, Research Analyst, Mirae Asset ShareKhan
“We believe this is neutral for banks and NBFCs as far as the overall policy is concerned, though the RBI explicitly did not announce any OMO like measures to boost liquidity, as they want to ensure full transmission of measures taken earlier, but an assurance to pro-actively work towards ensuring sufficient liquidity is comforting.”
- February 6, 2026 12:06
Quote: Amit Jain, Chairman and Managing Director, Arkade Developers Ltd
“In an environment where inflation remains comfortably within target and growth momentum shows resilience, the monetary policy committee’s choice to hold the repo rate steady at 5.25% reflects a deliberate and balanced approach to monetary policy. By maintaining a neutral stance the central bank has signalled its intent to judiciously weigh the impact of substantial easing over the past year and the unfolding macroeconomic context including global uncertainties and domestic demand dynamics. This pause offers valuable clarity to markets and borrowers while preserving the flexibility to act should inflationary pressures or external risks shift in the months ahead.”
- February 6, 2026 12:05
Quote: Dr. Poonam Tandon, Chief Investment Officer, IndiaFirst Life Insurance
“The MPC has kept the repo rate unchanged at 5.25% and the committee has unanimously decided to keep the stance neutral. The real GDP growth projections for Q1 and Q2 for FY 27, are revised upwards slightly to 6.9% and 7% respectively. The revised outlook for CPI inflation in Q1 and Q2 of next year, at 4% and 4.2% respectively, revised upwards.
While RBI sees growth as favourable, RBI also sees external headwinds having intensified. As far as liquidity in the banking system is concerned, at present it is surplus by Rs 2 lakh crores and the RBI will be taking ‘pre-emptive’ measures on liquidity management for productive requirements and monetary transmission. The policy was as per expectations and focussed on stability in rates thereby indicating a long pause in rate action.”
- February 6, 2026 12:03
RBI Guv: To ensure monetary policy transmission happens throughout the system… Transmission has been good till Dec
- February 6, 2026 12:03
RBI Guv: Liquidity is something that is our duty to provide – ample and sufficient to meet the needs of the economy
- February 6, 2026 11:32
Quote: V Rama Chandra Reddy, Head – Treasury, Karur Vysya Bank
RBI Stays the Course with a Strategic Pause. RBI’s policy reflects a clear focus on macro-financial stability, with the continuation of the pause being a strategic decision and fully consistent with the MPC’s earlier actions and guidance.
Upward revisions to both CPI inflation and GDP growth have further narrowed the space for any near-term rate cuts, leading to a fading of earlier market expectations of one additional cut. The MPC’s assessment indicates that the current repo rate is broadly appropriate for prevailing macroeconomic conditions.
On the liquidity front, the RBI has reiterated its commitment to maintaining adequate system liquidity, providing comfort to money markets. While no OMO purchases were announced, the RBI has retained flexibility to deploy liquidity management tools as required.
Overall, the policy outcome was well aligned with market expectations, with bond yields hardening marginally by about 4–5 basis points in the immediate reaction. Going ahead, an extended policy pause is likely to result in range-bound bond markets, with demand–supply dynamics and domestic liquidity conditions acting as the key drivers. The benchmark 10-year yield is expected to trade in a broad range of 6.60%–6.80% in the near term, supported by the RBI’s calibrated and predictable policy approach.
- February 6, 2026 11:32
Quote: Sachin Bajaj, Executive Vice President & Chief Investment Officer, Axis Max Life Insurance
“The MPC meeting comes against a backdrop of heightened geopolitical uncertainty, inflation below the lower end of the MPC tolerance band, and volatile currency markets. The policy announced today was a status quo decision; however, we expect space for further monetary support if growth slows down. We anticipate a final 25 basis point cut in the repo rate to 5% during the early part of the next financial year to address growth concerns emanating from the uncertain global environment.”
- February 6, 2026 11:31
Quote: Vikram Chhabra, Senior Economist, 360 ONE Asset
The RBI’s decision to keep policy rates unchanged was broadly in line with our expectations. Since the previous meeting, the growth outlook has remained largely stable, while upside risks to inflation have emerged amid rising commodity prices. In this context, it is reasonable for the RBI to adopt a wait-and-watch approach until greater clarity emerges on the macroeconomic outlook. Additionally, both the inflation and GDP series are scheduled for revision, and it would be prudent to base policy decisions on the updated datasets. Broadly, we still see room for at most one additional rate cut, provided the inflation outlook remains benign. Going forward, policy focus is likely to shift toward more effective liquidity management.
- February 6, 2026 11:31
Quote: Abhishek Bisen, Head-Fixed Income, Kotak Mahindra AMC
RBI will continue to remain proactive and maintain ample liquidity. We believe post this policy RBI to be in long pause. 10 yr G-sec has moved up slightly by 4 bps and is trading around 6.70% levels.
- February 6, 2026 11:30
Quote: Sameer Sawant, Research Analyst, Mirae Asset ShareKhan
It is neutral for banks and NBFCs as far as the overall policy is concerned, though the RBI explicitly did not announce any OMO like measures to boost liquidity, as they want to ensure full transmission of measures taken earlier, but an assurance to pro-actively work towards ensuring sufficient liquidity is comforting.
- February 6, 2026 11:30
Quote: Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India
The RBI’s decision to hold rates steady, reflects a cautious and stability focused stance in a volatile global environment. As the economic growth outlook remains stable and maintain momentum, we can expect this overall growth to have a positive impact on the real estate sector. The pause underscores the central bank’s priority on managing currency pressures and external risks.
For the real estate sector, the repo rate continues to remain at its lowest level in the post-pandemic period. While a further reduction in rates would have provided an added boost to homebuyer sentiment, particularly in the affordable housing segment, we expect banks to pass on a greater share of the existing rate benefits to consumers in the coming months. A stable interest rate environment offers much-needed predictability, supporting informed decision-making for both homebuyers and developers. In addition to the rate actions, the central bank has also eased the rules for bank lending to REITs which is a positive step considering it will ease their credit access and facilitate access to lower cost funds.
- February 6, 2026 11:30
Quote: Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation
The RBI’s decision to keep the repo rate unchanged at 5.25% reinforces policy stability and provides a supportive backdrop for the residential real estate market. While a rate cut would have lowered borrowing costs, a steady interest rate environment enables homebuyers to take long-term purchase decisions with greater confidence and predictability. This is particularly relevant for the premium housing segment, where buyers place stronger emphasis on product quality, location, and long-term value creation rather than short-term rate movements.
For developers, rate continuity allows for more disciplined planning of project launches, construction schedules, and capital deployment. With premium homes forming an increasing share of residential sales across key metropolitan markets, stable monetary policy is expected to help sustain demand momentum and reinforce positive sentiment over the coming quarters.
- February 6, 2026 11:29
Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Group.
As widely anticipated, the MPC delivered a status quo outcome, with no change in the policy repo rate and no change in the liquidity stance, which remains neutral. There were no major policy surprises in the decision.
On projections, GDP growth for H1 FY27 was revised slightly upwards, reflecting resilient domestic demand and continued momentum in services. CPI inflation for this year was revised up by ~10 bps, largely driven by higher precious metal prices, while underlying core inflation remains benign.
The only surprise from our end was the absence of any fresh liquidity-related announcements. That said, the RBI has already injected durable liquidity during December and January, which has meaningfully eased system liquidity.
With much of the policy transmission passed through in lending and deposit rates, the policy reinforces a wait-and-watch stance, with future action remaining data-dependent.
At the current juncture, with repo at 5.25 and inflation projected closer to 4%, the real rates of 1.25% indicates RBI’s bias towards growth as inflation remains under the target band. We think the central bank will continue to hold rates unless we note a material worsening in growth.
- February 6, 2026 11:29
Quote: Garima Kapoor, Deputy Head of Research and Economist at Elara Capital
Focusing on effective transmission of rate cuts already taken and being encouraged by healthy growth trajectory in the economy RBI’s MPC decided to keep repo rate unchanged while awaiting new GDP and CPI series.
With inflation expected to rise hereon amid normalization of food prices and adverse base effect, the scope for further rate cuts has shrunk. A shock to growth-inflation balance would only propel another rate cut. For now, we expect a prolonged pause from the RBI.
- February 6, 2026 11:28
Quote: Ankur Jalan, CEO, Golden Growth Fund (GGF), a category II Real Estate focused Alternative Investment Fund (AIF)
At a time when real estate demand has moderated and access to traditional financing remains selective, AIFs continue to play a critical role in providing structured, long-term capital to the sector. Real estate–focused AIFs are well positioned to bridge the funding gap through flexible capital structures, superior risk pricing, and asset-backed investments.
While the MPC has maintained a status quo on the policy rate, a continued supportive monetary stance focused on ensuring adequate liquidity and smoother transmission will further enhance the appeal of real estate AIFs.
For domestic investors, real estate AIFs offer portfolio diversification, predictable income streams, and the potential for capital appreciation. This positions AIFs as a compelling alternative investment avenue, supporting timely project execution while contributing to overall sectoral resilience and financial stability.
- February 6, 2026 11:27
RBI ups Q1 and Q2FY27 GDP and CPI inflation projections
The Reserve Bank of India upped the real GDP growth projections for the first (Q1) and second (Q2) quarters of FY27 by 20 basis points (bps) amid favourable growth outlook.
RBI ups Q1 and Q2FY27 GDP and CPI inflation projections
RBI raises GDP and CPI inflation projections for Q1 and Q2 FY27, citing a favorable growth outlook and rising precious metal prices.
- February 6, 2026 11:10
RBI allows banks to lend directly to REITs
RBI allows banks to lend directly to REITs
RBI allows banks to lend directly to REITs, facilitating capital raising and expediting projects in the real estate sector.
- February 6, 2026 10:50
RBI MPC Meeting 2026: RBI holds repo rate at 5.25%
RBI keeps repo rate unchanged at 5.25%, maintains neutral stance amid global policy divergence
RBI holds repo rate at 5.25%, maintaining a neutral stance amid global economic uncertainties and evolving macroeconomic conditions.
- February 6, 2026 10:45
Watch: RBI pauses rate cuts, retains interest rate at 5.25 per cent
- February 6, 2026 10:35
Indian economy continues to register growth despite challenging environment
Indian economy continues to register high growth… Low inflation provides leeway to support growth, says RBI Governor
- February 6, 2026 10:35
Standalone PDs to be given more flexibility to undertake forex transactions, says RBI Governor
- February 6, 2026 10:32
RBI Guv: Propose to remove the limit of Rs 2.5 lakh crore investments under the voluntary retention route. To issue framework for derivatives in corporate bond indices, total return swaps
- February 6, 2026 10:31
NBFCs having no access to public funds with assets less than ₹1,000 crore will be exempt from RBI registration, says RBI Guv
- February 6, 2026 10:29
RBI to issue draft guidelines for customer protection
- Proposed to launch unified portal for better management of lead bank scheme
- To allow banks to lend to REITs
- Draft guidelines to be released for customer protection for mis-selling, recovery of loans, and limiting liability of customers in in unauthorised transactions
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Proposed to remove tenor and moratorium on housing loans given by tier III UCBs
- February 6, 2026 10:27
RBI MPC Live: RBI Guv on liquidity management
- RBI will remain proactive in liquidity management
- Liquidity management will be pre-emptive
- System level financial stability parameters of scheduled commercial banks remain robust
- Credit from all sources have picked up and grew 13 pc
- Large industries recorded higher credit growth
- February 6, 2026 10:25
G-Sec yields have continued to harden, mirroring global trends, says RBI Governor
- February 6, 2026 10:25
RBI MPC Live Updates: Liquidity infusion and lending rates
Liquidity infusion measures in Jan and Feb so far amounts to 25 bps of rate cut.
Lending rates have declined 105 bps till Dec, in response to 125 bps rate cut
- February 6, 2026 10:24
RBI MPC Live Updates: Key numbers from RBI MPC announcements
Net FPI outflows were at $5.8 bn
India’s forex reserves provide more than 11 months of import cover
System liquidity at surplus ₹70,000 crore on a daily average basis
India’s external sector remains resilient
- February 6, 2026 10:21
India merchandise experts grew 1.9 pc y-o-y in Q3 due to diversification of markets, says RBI Governor
Diversified trading partners will integrate India into global supply chain. India continues to be attractive FDI destination for greenfield projects. India continues to remain an attractive investment destination for greenfield projects
- February 6, 2026 10:19
Headline CPI inflation remains low
Food supply prospects remain bright. Core inflation is expected to remain soft and rangebound. CPI inflation for FY 26 projected at 2.1%, slightly up from 2.0% projected earlier. Q4FY26 inflation forecast at 3.2%
- February 6, 2026 10:16
GDP projections for Q1 and Q2
Real GDP growth projection for Q1 and Q2 of FY27 revised slightly upwards to 6.9 and 7 per cent, says RBI Governor
- February 6, 2026 10:15
RBI MPC Live: India-EU FTA and the prospective India-US trade deal will support exports for the medium term, says the RBI Guv
- February 6, 2026 10:14
RBI MPC Live Updates: Key insights from RBI Governor Sanjay Malhotra
- Momentum in private consumption to sustain next year
- Recovery in urban consumption should strengthen
- High-capacity utilisation, accelerating bank credit, emphasis on infra should give an impetus to investment activity
- Measures in the budget should be conducive to growth
- February 6, 2026 10:13
RBI Governor says there is a drag in the net external demand, and the rural demand remains steady
- February 6, 2026 10:11
RBI MPC Live Updates: New series for inflation and GDP
RBI Guv: In a few days, we will have a new series of GDP and inflation
- February 6, 2026 10:10
RBI MPC Live: Inflation forecast
Inflation forecast for Q1, Q2 of FY27 is revised slightly upward to 4%, 4.2% respectively
- February 6, 2026 10:10
Growth outlook remains favourable, says RBI Guv
Successful completion of trade deal augurs well for near term outlook. Economic activity is resilient. Growth outlook remains favourable
- February 6, 2026 10:09
External headwinds intensified since last policy, says the RBI Guv
Against the global backdrop that has becomes cautious, bond markets are bearish. Headline inflation during Nov, Dec was below the tolerance band
- February 6, 2026 10:04
RBI Guv: RBI keeps the repo rate unchanged at 5.25%, neutral stance to continue
- February 6, 2026 10:00
Rupee rises 11 paise to 90.23 against US dollar in early trade
The rupee rose 11 paise to 90.23 against the US dollar in early trade on Friday on positive investor sentiments as traders keenly awaited the RBI’s MPC announcement.
However, FII outflows, rise in crude oil prices, and a marginally stronger greenback capped sharper gains in the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 90.28 against the greenback before rising to 90.23, up 11 paise from its previous close.
- February 6, 2026 09:53
Rupee pushes weekly rally into RBI policy, aided by possible one-off flows
The Indian rupee added to its weekly rally on Friday ahead of the central bank’s policy outcome, aided by possible one-off dollar sales that helped offset a risk-off backdrop.
The rupee strengthened to 90.18 per dollar from 90.3550 in the previous session, taking its weekly advance, sparked by the U.S.-India trade deal, to 2%. (Reuters)
- February 6, 2026 09:51
Stock markets open in red ahead of RBI MPC outcome, global weakness weighs on sentiments
Sensex and Nifty50 open on a cautious note and slipped into the red as investors remained on the sidelines ahead of the outcome of MPC meet, amid weak global cues.
At the opening bell, the Nifty 50 index declined by 37 points or 0.14 per cent to 25,605.80, while the BSE Sensex opened lower by 64.61 points or 0.08 per cent at 83,249.32.
- February 6, 2026 09:43
Nuvama Research says RBI likely to hold repo rate, maintain neutral stance
“In the forthcoming MPC review, we reckon the RBI shall maintain status quo after cumulative easing of 125bp, bringing the repo rate to 5.25 per cent. Transmission to bank lending rates is in progress and bond yields have been quite sticky,” the Nuvama Research’s report noted.
- February 6, 2026 09:41
RBI MPC Live News Updates: GDP & Inflation projection
In December, RBI revised its projections for GDP growth rate to 7.3 per cent, 50 basis points higher than its earlier projections. The Economic Survey 2025-26, presented on January 30, 2026 during the Budget session, projects India’s real GDP growth at 7.4 per cent for FY26 and 6.8 to 7.2 per cent for FY27.
The Consumer Price Index (CPI) rose to 1.33 per cent in December 2025 over the same month in 2024. The inflation forecast for FY26 was reduced to 2.0 per cent from 2.6 percent.
- February 6, 2026 09:35
RBI MPC Live: RBI to keep repo rate unchanged amid currency volatility and bond yield pressures: SBI report
The Monetary Policy Committee (MPC) of the Reserve Bank of India is likely to maintain a status quo on the repo rate in its policy announcement scheduled for Friday, amid continued global economic uncertainty, pressure on government bond yields and volatility in the domestic currency, according to a report by State Bank of India.
Read more here
- February 6, 2026 09:32
RBI MPC Live: Key announcements from last MPC in December
Repo Rate Cut: The policy repo rate was lowered from 5.50% to 5.25%.
Policy Stance: The committee maintained its “neutral” stance.
Growth Projections: The RBI sharply raised its GDP growth projection for FY26 to 7.3% (up from 6.8%).
Inflation Outlook: The CPI inflation projection for 2025-26 was lowered significantly to 2.0% from the earlier 2.6%.
Liquidity Injections: The RBI announced open market operations (OMOs) worth ₹1 trillion to buy bonds and $5 billion in forex swaps to improve liquidity transmission.
Supportive Rates: Consequently, the Standing Deposit Facility (SDF) rate was adjusted to 5.00% and the Marginal Standing Facility (MSF) rate to 5.50%.
- February 6, 2026 09:28
What happened in the last six MPCs in 2025?
Feb 2025 – 25 bps rate cut, neutral stance
Apr 2025 – 25 bps rate cut, neutral stance
Jun 2025 – 50 bps rate cut, neutral stance
Aug 2025 – no rate cut, neutral stance
Oct 2025 – no rate cut, neutral stance
Dec 2025 – 25 bps rate cut, neutral stance
- February 6, 2026 09:24
Here’s the dates for last six MPC meetings in calendar year 2025, typically spanning three days each with the policy announcement on the final day
- February 5–7, 2025
- April 7–9, 2025
- June 4–6, 2025
- August 4–6, 2025 (rescheduled from August 5–7)
- September 29 – October 1, 2025
- December 3–5, 2025
- February 6, 2026 09:19
RBI MPC Live: Highlights of Inflation data from December
- Headline CPI Inflation: 1.33% (up from 0.71% in November)
- Food Inflation (CFPI): -2.71%, remaining in negative territory for the seventh consecutive month, though narrower than November’s -3.91%
- Core Inflation: Jumped to a 28-month high of 4.8%, largely driven by rising precious metal (gold and silver) prices.
- Rural vs. Urban: Rural inflation was 0.76%, continuing to stay lower than urban inflation at 2.03%
- February 6, 2026 09:13
Here’s the CPI inflation rate (year-on-year) for the most recent six months:
- July 2025: 1.61%
- August 2025: 2.07%
- September 2025: 1.44%
- October 2025: 0.25%
- November 2025: 0.71%
- December 2025: 1.33%
Data for January 2026 has not been released as of today (typically published around the 12th of the following month). Forecasts suggest it may be around 2.0%, well below 4% target of the RBI.
- February 6, 2026 09:09
What is the main objective e of RBI MPC?
Its primary mandate is to maintain price stability by targeting a Consumer Price Index (CPI) inflation rate of 4% (+/- 2%) while supporting economic growth. Decisions are made via a majority vote, with the Governor holding a casting vote in the event of a tie.
- February 6, 2026 09:07
What is Monetary Policy Committee?
The Monetary Policy Committee (MPC) is a six-member statutory body chaired by the RBI Governor that determines India’s benchmark interest rates. The committee meets at least four times annually to decide on the repo rate, which influences borrowing costs across the national economy. It usually meets 6 times a year (bimonthly).
- February 6, 2026 08:55
RBI MPC Members: Here’s the composition of the current monetary policy committee
Internal RBI Members
- Sanjay Malhotra: Governor, Reserve Bank of India (Chairperson, ex officio).
- Poonam Gupta: Deputy Governor, Reserve Bank of India (In charge of monetary policy).
- Indranil Bhattacharyya: Executive Director, Reserve Bank of India.
External Members
- Ram Singh: Director, Delhi School of Economics, University of Delhi.
- Saugata Bhattacharya: Economist and former Chief Economist at Axis Bank.
- Nagesh Kumar: Director & CEO, Institute for Studies in Industrial Development, New Delhi.
- February 6, 2026 08:49
Where to watch MPC Live?
The announcements and the following press conference will be live streamed on the RBI’s YouTube channel
- February 6, 2026 08:46
RBI MPC Live Updates: When RBI MPC announcements are expected?
The policy outcome will be revealed at 10:00 AM today (February 6), followed by a press conference from Governor Sanjay Malhotra at 12:00 PM
- February 6, 2026 08:42
RBI MPC Live: Hello and welcome to RBC MPC Live on businessline
Thank you for joining us as we bring you real-time insights, analysis, and expert perspectives on today’s policy announcement
Published on February 6, 2026
