RBI MPC Meeting, Repo Rate Cut Live Updates: The Reserve Bank of India (RBI) will announce the outcome of its Monetary Policy Committee (MPC) meeting—covering the repo rate decision and other key policy measures—today, October 1, at a press conference. The three-day meeting, chaired by RBI Governor Sanjay Malhotra and comprising six members, began on September 29.This round of deliberations comes against the backdrop of ongoing India-US trade negotiations, following US President Donald Trump’s recent decision to raise tariffs on Indian goods by an additional 25% (effective August 27), taking the total tariff to 50%. The progress of these talks could play a crucial role in shaping India’s economic outlook.
The MPC meeting also follows the US Federal Reserve’s first rate cut of 2025, which lowered its benchmark rate by 25 basis points to a range of 4–4.25%.
Most economists expect the MPC to keep policy rates unchanged for a second consecutive meeting. The repo rate currently stands at 5.5%, after the RBI delivered a cumulative 100-basis-point cut between February and June 2025.
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.