The Reserve Bank of India will announce its bi-monthly monetary policy today, i.e. on October 7, 2026. Reserve Bank Governor Sanjay Malhotra will announce the rate decision at 10 am after the three-day Monetary Policy Committee meeting. The last repo rate hike was in February 2023, when the central bank raised the rate by 0.25 per cent to 6.50 per cent. It kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025.
A hike in the short-term lending rate (repo) by the RBI in its upcoming monetary policy would mark a stance reversal, following four rate cuts totalling 125 basis points in 2025 and a prolonged pause thereafter.