RBI MPC meeting dates 2026-27
| Meeting | Decision | Repo rate | Stance |
|---|---|---|---|
| 6–8 April 2026 | Unchanged | 5.25% | Neutral |
| 3–5 June 2026 | Unchanged | 5.25% | Neutral |
| 3–5 August 2026 | Unchanged | 5.25% | Neutral |
| 5–7 October 2026 | Raised 25 bps | 5.50% | Calibrated tightening |
| 2–4 December 2026 | Upcoming | – | – |
| 3–5 February 2027 | Upcoming | – | – |
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.
Repo rate and RBI policy: questions
What is the RBI repo rate today?
The repo rate is 5.50%. The Monetary Policy Committee raised it by 25 bps on 7 October 2026. The standing deposit facility rate is 5.25% and the marginal standing facility rate 5.75%.
When is the next RBI monetary policy?
The MPC meets on 2–4 December 2026 and announces its decision on 4 December 2026 at 10:00 IST.
What are the RBI MPC meeting dates for 2026-27?
6–8 April 2026; 3–5 June 2026; 3–5 August 2026; 5–7 October 2026; 2–4 December 2026; 3–5 February 2027. Decisions are announced on the last day of each meeting.
How does the repo rate affect my home loan EMI?
Most new floating-rate home loans are linked to the repo rate. When it changes, your bank passes the change to your EMI or loan tenure at the loan's next reset date.
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.