RBI MPC Meeting, Repo Rate Cut Live Updates: The Reserve Bank of India (RBI) MPC meeting’s outcome—including the MPC’s decision on the repo rate and other key policy measures—will be announced today at a press conference, October 1. The meeting, chaired by RBI Governor Sanjay Malhotra and comprising six members, started on September 29.
The MPC meeting coincides with ongoing India-US trade negotiations following US President Donald Trump’s decision to hike tariffs on Indian goods by an additional 25% (effective August 27), bringing the total to 50%. The outcome of these talks could significantly influence India’s growth outlook.
The meeting also follows the US Federal Reserve’s first rate cut of 2025, lowering its benchmark rate by 25 bps to 4–4.25%.
Economists broadly expect the MPC to maintain the status quo on policy rates, which would mark the second consecutive pause. Between February and June 2025, the RBI had lowered the repo rate by a cumulative 100 basis points (bps) to 5.5%, where it currently stands.
Previous MPC Decisions
The Reserve Bank of India’s Monetary Policy Committee (MPC) has made significant moves in recent meetings to manage economic growth and inflation. In February 2025, the MPC cut the repo rate by 25 basis points, followed by another 25-basis-point reduction in April 2025, bringing the rate down to 6 per cent. In June 2025, the committee implemented a jumbo cut of 50 basis points, further lowering the repo rate to 5.5 per cent. However, in August 2025, the MPC decided to maintain the repo rate at 5.5 per cent, keeping its stance neutral.
