The Reserve Bank of India (RBI) has rescheduled the upcoming Monetary Policy Committee (MPC) meeting. Originally slated for August 5 to 7, 2025, the meeting will now be held a day earlier, from August 4 to 6.
In a press release, the RBI stated that the change is due to administrative reasons. The announcement came shortly after the MPC revealed the policy rate decision for the June 2025 meeting earlier in the day.
June policy review: RBI announces sharp rate cuts
At today’s MPC meeting, the RBI announced a sharp 50 basis points (bps) cut in the repo rate and a 100 bps reduction in the Cash Reserve Ratio (CRR). The policy stance was shifted to ‘neutral’, signalling RBI’s intent to balance inflation and growth.
GDP forecast remains steady for FY26
RBI retained its real GDP growth forecast for the fiscal year 2025–26 at 6.5 per cent. Governor Sanjay Malhotra announced that the projection remains unchanged from previous estimates, with quarterly growth expected at 6.5 per cent in Q1, 6.7 per cent in Q2, 6.6 per cent in Q3, and 6.3 per cent in Q4.
April meeting recap: First rate cut of FY26
This was the second meeting of the RBI in FY26, the first being held in April, where the central bank cut the repo rate by 25 basis points, bringing it down to 6.00 per cent.
How often does the MPC meet?
The Monetary Policy Committee (MPC) of the Reserve Bank of India typically meets six times a year, roughly once every two months, as per the RBI Act, 1934.
The schedule is announced in advance to ensure transparency and predictability for financial markets and stakeholders.
Each MPC meeting generally lasts for three days with typically six members, headed by the Governor, with the decision being announced on the last day of the meeting.