RBI MPC Meeting Outcome Today: All Eyes on Policy Decision
The Reserve Bank of India (RBI) is set to announce the outcome of its first Monetary Policy Committee (MPC) meeting for the financial year 2026 to 27 on Wednesday, April 8. The three-day meeting, chaired by RBI Governor Sanjay Malhotra, concludes today with a closely watched policy decision.The six-member committee is reviewing key macroeconomic factors including interest rates, inflation trajectory, and economic growth outlook at a time of rising geopolitical tensions in the Middle East and pressure on the Indian rupee.
This announcement follows the February 2026 policy, where the RBI kept the repo rate unchanged at 5.25 percent after cumulative rate cuts of 125 basis points during 2025. The central bank had then adopted a wait and watch approach to maintain stability.
RBI MPC Meeting Date and Time
The April MPC meeting is being held from April 6 to April 8, 2026.The policy decision will be announced at 10:00 AM on Wednesday, followed by a press conference by Governor Sanjay Malhotra at 12:00 PM.
Where and How to Watch RBI Governor’s Address Live
The RBI MPC policy statement will be broadcast live on the Reserve Bank of India’s official YouTube channel at 10:00 AM on April 8, 2026.Viewers can watch the live address using the following link:
https://www.youtube.com/channel/UCIfCOl43tunZVNYafeC4RQA
RBI MPC April 2026: Key Expectations from Policy Announcement
Expectations remain divided ahead of the policy outcome.Market participants indicate that the RBI may keep the repo rate unchanged, even as the swaps market is pricing in a 1.5 rate hike in April and another increase in June, driven by concerns over oil-led inflation.
Apoorva Javadekar, Chief Economist at Muthoot FinCorp, expects the RBI to maintain the repo rate at 5.25 percent, citing risks to GDP growth from external factors. With inflation at 3.21 percent in February 2026, the central bank is seen to have room to continue its wait and watch stance.
He noted that a pause could help ease real interest rates, supporting capital expenditure and consumption, backed by strong bank and NBFC balance sheets. He also indicated that the RBI is unlikely to use rate hikes as a tool to stabilise the rupee.
Meanwhile, Yes Bank stated in its Ecologue report that the rate cutting cycle has ended due to rising inflation trends, pressure on the rupee, and cautious signals from global central banks. However, it also noted that a rate hike is not imminent, as India entered the current phase with relatively low inflation and strong growth.
The report estimates inflation could range between 4.5 percent and 4.8 percent under adverse conditions, provided fiscal measures absorb a significant portion of the pressure.
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