RBI MPC February Meeting 2026 Live Updates: A SBI research report said that since the last MPC in December, one of the major policy changes is the EU-India and US-India trade deals, resulting in a reduction in tariffs on India to 18% from 50% earlier.

Clearly, India now has one of the lowest tariffs among Asian countries, which will help in improving our export competitiveness, it said.

"We observe that despite policy rate easing, government bond yields have exhibited persistent hardening in recent periods. We believe that the choice of eligible securities itself may influence the effectiveness of OMO operations, even when the aggregate quantum of liquidity injection is unchanged," it said.

The RBI is thus likely to maintain the status quo in the upcoming policy, the SBI study said.

RBI MPC February Meeting 2026 Live Updates: Lokanath Panda, COO, BLS E-Services, said Union Finance Minister Nirmala Sitharaman has presented Budget 2026-27, targeting broad-based productivity gains and employment generation through structural reforms and new infrastructure.

"Against this backdrop, the RBI's MPC is likely to pause its rate cuts. Having already lowered the repo rate by 125 basis points since early 2025, with the last cut in December, which helped the banks' interest rate reduction and increased liquidity in the market, we expect the central bank to be now poised to concentrate on liquidity conditions, bond market stability, and currency risk management," Panda said.

RBI MPC February Meeting 2026 Live Updates: The Reserve Bank of India (RBI) has kept key repo rate at 5.25%.

The RBI reduced the key short-term lending rate (repo) by 125 basis points in four tranches, beginning in February, amid declining consumer price index (CPI) based inflation.

RBI MPC February Meeting 2026 Live Updates: A Bank of America Global Research note said the Reserve Bank's rate-cutting cycle appears to be over for now.

The trade deal now would boost the growth certainty, and the current momentum seen in high-frequency indicators can continue to sustain, it said.

"We also believe the RBI is now done cutting rates but will continue to manage its liquidity provisions carefully to ensure rate transmission remains active," the note said.

RBI MPC February Meeting 2026 Live Updates: Sanjay Malhotra, Governor of Reserve Bank of India (RBI), will announce the monetary policy statement on Friday, February 6, 2026, at 10 am.

RBI MPC February Meeting 2026 Live Updates: Reserve Bank of India Governor Sanjay Malhotra will declare the bi-monthly monetary policy on Friday, February 6, 2026.