RBI MPC June Meeting 2026 Live Updates: RBI considering proposal to launch polymer currency notes, proposal at a preliminary stage, Governor Malhotra said at a press conference.

RBI MPC June Meeting 2026 Live Updates: The RBI's decision to hold the repo rate at 5.25% reflects a measured and responsible call at a moment when rising crude, a weaker rupee, and geopolitical uncertainty in West Asia demand prudence over policy activism, said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE.

For the real estate sector, he stated that this is a stabilising signal.

“As we enter the second half of the year, the Monetary Policy Committee has a tough balancing act ahead. It must protect growth while not getting ahead of an inflation trajectory that is still vulnerable to external shocks. Yet India's underlying strengths of a strong investment pipeline and resilient domestic demand give us reason for confidence.",” Magazine stated.

RBI MPC June Meeting 2026 Live Updates: "The MPC's decision underscores the RBI's commitment to balancing growth, inflation, and financial stability amid an increasingly uncertain global environment. By maintaining rates while retaining policy flexibility, the central bank has signalled confidence in India's growth trajectory while remaining mindful of evolving external risks,” said Sandeep Agarwal, CEO & CIO, Modulus Alternatives.

He added that, importantly, the measures announced today will continue to support economic activity and liquidity, ensuring productive sectors remain adequately funded despite global volatility.

“Policy stability is particularly positive for private credit, which is increasingly bridging the funding gap for fundamentally strong businesses as traditional lenders adopt a more selective approach,” Agarwal noted.

RBI MPC June Meeting 2026 Live Updates: "The RBI maintained its stance of keeping the repo rate unchanged at 5.25%. This supports its efforts towards a continued balance between inflation and growth,"said Hemant Sagare, Director of Ratings, Brickwork Ratings.

The guidance GDP growth rates were revised to 6.6% from 6.9%, given prolonged global supply chain disruptions, volatility in global financial markets, and weather-related shocks continue to pose downside risks to the domestic growth outlook, he added.

"Stability in the policy rates supports the borrowing costs and will continue to boost credit growth, while indicating manageable levels of liquidity. On a forward-looking basis, meeting the guidance growth rates over the next few quarters will be monitorable on the aforesaid factors, of global supply chain disruption, volatile financial markets, and weather-related shocks," he added.

RBI MPC June Meeting 2026 Live Updates: RBI Governnor Malhotra said that the apex is not considering any measure to restrict capital outflows.

RBI MPC June Meeting 2026 Live Updates: “The MPC policy was broadly in line with expectations, but the more significant takeaway lies in the measures announced around foreign capital flows, external borrowing, and forex management. The bond market's reaction reflects this clearly. While government security yields softened by around 4 basis points, corporate bond yields declined nearly 25 basis points, indicating that markets are responding more to the structural measures than to the policy stance itself," said Basant Bafna, Head – Fixed Income, Mirae Asset Investment Managers (India) Pvt. Ltd.

He added that over the last two years, policy rate cuts have not fully translated into lower market borrowing costs for corporates and PSUs, largely due to supply pressures in the domestic debt market and strong credit demand from the banking system.

The latest measures could help address this imbalance, Bafna noted, adding that lower hedging costs and improved overseas borrowing conditions may encourage PSUs to access international markets, reducing domestic supply and supporting lower bond yields.

“The policy also reinforces confidence in India's macroeconomic position. Growth remains among the strongest globally despite some moderation, while inflation continues to stay within the RBI's target band. Alongside FCNR and forex-related initiatives, the measures reflect a balanced approach towards supporting growth, maintaining stability, strengthening the external sector and creating a constructive outlook for the bond market. Overall, the policy reflects a balanced approach towards supporting growth, maintaining inflation discipline and strengthening the external sector,” Bafna stated.

RBI MPC June Meeting 2026 Live Updates: Consumer Price Inflation target of 4% not in abeyance, to be met over a period of time, says RBI Guv Malhotra

RBI MPC June Meeting 2026 Live Updates: The RBI has also liberalised norms for foreign portfolio investors (FPIs) investing in government securities, and raised limits for investments by non-resident Indians (NRIs) and overseas citizens of India (OCIs) in equity instruments, Malhotra said.

RBI MPC June Meeting 2026 Live Updates: RBI flagged prolonged global supply chain disruptions, heightened volatility in global financial markets, and weather-related shocks as downside risks to the domestic growth outlook.

RBI MPC June Meeting 2026 Live Updates: "Our forex reserves provide sufficient buffer against external shocks," stated RBI Governor Sanjay Malhotra.

RBI MPC June Meeting 2026 Live Updates: The food outlook remains uncertain on account of the subnormal south-west monsoon forecast and El Niño, RBI Governor said.

RBI MPC June Meeting 2026 Live Updates: As for growth, RBI Governor Sanjay Malhotra said that elevated energy prices coupled with global supply constraints are having adverse spillovers on economic activity.

"While domestic demand remains resilient and manufacturing and services sectors activity continue to expand, there are incipient signs of moderation in some sectors as suggested by high frequency indicators," he said.

RBI MPC June Meeting 2026 Live Updates: While the baseline projections point towards headline inflation firming up towards the upper tolerance level in Q3 of FY27, the impact of the supply shock is expected to wane Q4 onwards, said RBI Governor Malhotra.

The underlying inflation pressures continue to remain benign at this juncture, he added.

"However, generalisation of inflation through second-round effects on expectations and wages is a distinct possibility, warranting a close vigil. The outlook also remains clouded by the subnormal south-west monsoon forecast and El Niño risks," he stated.

RBI MPC June Meeting 2026 Live Updates: "As the West Asia conflict prolongs without any meaningful resolution in sight, risks to both inflation and growth have increased. Energy markets have been volatile; crude oil reserves are declining and global commodity prices have firmed up," said RBI Governor Malhotra.

He added that faced with difficult trade-offs, monetary policy has turned more cautious, with major advanced economy central banks likely to pivot towards monetary policy tightening.

"Global financial markets have shown mixed trends, with equities remaining buoyant driven by AI optimism, while sovereign bond yields have hardened on fiscal sustainability concerns and inflation worries. The US dollar index has appreciated recently amid shifting rate expectations and changing risk sentiment," he added.

RBI MPC June Meeting 2026 Live Updates: RBI projected core (CPI excluding food and fuel) inflation to stand at 4.7% for 2026-27.

"Excluding precious metals, core inflation is projected to be lower, suggesting that demand pressures remain contained," Governor Sanjay Malhotra said.

RBI MPC June Meeting 2026 Live Updates: "As per several high frequency indicators, domestic economic activity remained largely steady since the outbreak of the conflict. Private consumption has been resilient, while fixed investment maintained its momentum despite cost pressures. Merchandise exports recorded strong growth in April 2026, though elevated freight and insurance costs remain a drag. Services exports continued to be robust. While the economy has withstood the conflict spillovers with limited impact so far; the strains are increasingly becoming visible," said RBI Governor Malhotra.

"Looking ahead, elevated energy and other commodity prices coupled with continued supply disruptions are likely to affect economic activity," he added.

RBI MPC June Meeting 2026 Live Updates: RBI raised CPI inflation projection to 5.1% for FY27, higher from earlier estimate of 4.6%.

• Q1: 4.2%
• Q2: 5.1%
• Q3: 5.9%
• Q4: 5.4%

RBI MPC June Meeting 2026 Live Updates: "RBI will continue to ensure appropriate liquidity in banking system to meet productive requirement of economy," said RBI Governor Malhotra.

RBI MPC June Meeting 2026 Live Updates: RBI Governor Sanjay Malhotra, said, "Indian economy entered this episode of global turbulence with much better fundamentals than in previous similar episodes."

RBI MPC June Meeting 2026 Live Updates: For the financial year 2026-27, the real GDP growth is projected at 6.6%.

• Q1: 6.6%
• Q2: 6.3%
• Q3: 6.5%
• Q4: 6.8%

RBI MPC June Meeting 2026 Live Updates: Sanjay Malhotra, Governor, RBI, addressing the Monetary Policy statement, said that the global environment has deteriorated since the last MPC meeting in April, with the conflict lingering amidst a fragile truce.

"The adverse implications of extended disruption in supply chains and elevated energy prices are reflected in moderation of growth and increase in inflation projections from the April policy," he said.

RBI MPC June Meeting 2026 Live Updates: RBI Governor Sanjay Malhotra said that CPI inflation remains below the target with upwards bias, despite global shock.

RBI MPC June Meeting 2026 Live Updates: Sanjay Malhotra, Governor of the Reserve Bank of India (RBI), said that the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%. The stance has been maintained as 'neutral'.

RBI MPC June Meeting 2026 Live Updates: RBI Governor Sanjay Malhotra addresses the media from the RBI Headquarters in Mumbai on decisions taken during the three-day Monetary Policy Committee (MPC) meeting.

RBI MPC June Meeting 2026 Live Updates: The Reserve Bank has so far reduced the repo rate by 1.25% since last February, as the cooling of inflation has given it the space to work towards further boosting growth. However, the RBI kept the rate unchanged in the August 2025, October 2025, February 2026 and April 2026 monetary policies.

RBI MPC June Meeting 2026 Live Updates: The Monetary Policy Committee consists of three members from the RBI and three external members appointed by the government.

Chaired by RBI Governor Sanjay Malhotra, other MPC members are Nagesh Kumar, (Director and Chief Executive, ISID), Saugata Bhattacharya (Economist), Ram Singh, (Director, Delhi School of Economics), Poonam Gupta (Deputy Governor, RBI), and Indranil Bhattacharyya (Executive Director, RBI).

RBI MPC June Meeting 2026 Live Updates: The Reserve Bank of India has kept the repo rate at 5.25%.

The RBI reduced the repo rate by 125 basis points in four tranches, beginning in February 2025.

RBI MPC June Meeting 2026 Live Updates: Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India, too, expects the MPC to keep policy rates unchanged.

"A stable interest rate environment is particularly important for the real estate sector, where affordability and buyer sentiment remain closely linked to borrowing costs. Continued rate stability would support housing demand, sustain momentum in residential sales, and encourage investment across the broader real estate ecosystem," Baijal added.

RBI MPC June Meeting 2026 Live Updates: RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is expected to keep the status quo on key interest rates when it declares its bi-monthly monetary policy decision on Friday, June 5.

RBI MPC June Meeting 2026 Live Updates: Reserve Bank of India Governor Sanjay Malhotra will declare the monetary policy statement on Friday, June 5, at 10 am.

RBI MPC June Meeting 2026 Live Updates: Sanjay Malhotra, Governor of the Reserve Bank of India, will declare the bi-monthly monetary policy on Friday, June 5, 2026.