The Monetary Policy Committee or MPC of the Reserve Bank of India, chaired by Governor Sanjay Malhotra, began its three-day meeting on Wednesday, Dec. 3, to discuss the fifth monetary policy for financial year 2026. Key areas of the decision-making process included interest rates, inflation and growth outlook.

RBI Monetary Policy Live Updates: Will Governor Malhotra Deliver Repo Rate Cut?

Reserve Bank of India Faces Challenging Interest Rate Decision

The Reserve Bank of India's final interest rate decision of the year is proving to be one of its most complex, with policymakers having to weigh record low inflation, a plunging currency, and 8%-plus economic growth.

According to a Bloomberg survey of 44 economists, a majority expect the central bank to cut its benchmark repurchase rate by a quarter point to 5.25% on Friday given that inflation is well below the 4% target.

Monetary Policy Committee Meeting

The Monetary Policy Committee (MPC) of the Reserve Bank of India, chaired by Governor Sanjay Malhotra, began its three-day meeting on Wednesday, Dec. 3 to discuss the fifth monetary policy for financial year 2026.