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RBI Monetary Policy 2026-27: Repo Rate, Meeting Dates and Decisions

Every Monetary Policy Committee meeting this year, with the decision, the stance and what it meant for loans, deposits and mutual funds.

Repo rate
5.50%Since 7 October 2026
Stance
Calibrated tightening
SDF / MSF
5.25% / 5.75%
Next decision
4 December 2026Meeting 2–4 December 2026

Up nextRBI Monetary Policy December 2026: what to watch

2026-27 meetings

MeetingDecisionRepo rateStance
6–8 April 2026Unchanged5.25%Neutral
3–5 June 2026Unchanged5.25%Neutral
3–5 August 2026Unchanged5.25%Neutral
5–7 October 2026Raised 25 bps5.50%Calibrated tightening
2–4 December 2026Upcoming––
3–5 February 2027Upcoming––

Dates from the RBI MPC schedule for 2026-27, announced on 23 March 2026. Decisions from each meeting's MPC resolution on rbi.org.in.

How the repo rate reaches you

  • Loans. Most new floating-rate home loans are linked to the repo rate, so a change passes to the EMI at the loan's next reset.
  • Deposits. Banks adjust fixed deposit rates on their own timetable, usually with a lag.
  • Debt funds. Bond yields often move before the decision, on expectations. Funds holding longer bonds react the most. See what the repo rate means for debt funds and FDs.

Educational research based on public RBI statements and AMFI data. It is not a recommendation to buy or sell any security or fund, or personalised investment advice. Investments in securities market are subject to market risks.