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RBI Monetary Policy — August 2026
📅 Published 07 Aug 2026 · Aug 2026
RBI Monetary Policy — August 2026
The RBI conducted its 62nd MPC meeting and 3rd Bi-monthly Monetary Policy meeting of FY2026-27 from 3–5 August 2026.
Major Decisions
| Indicator | RBI Decision |
|---|---|
| Repo Rate | 5.25% |
| SDF Rate | 5.00% |
| MSF Rate | 5.50% |
| Bank Rate | 5.50% |
| Policy stance | Neutral |
| FY27 GDP forecast | 6.7% |
| FY27 CPI inflation forecast | 5.0% |
- Repo-rate decision was unanimous.
- GDP forecast increased from 6.6% → 6.7%.
- Inflation forecast reduced from 5.1% → 5.0%.
- RBI also released draft guidelines for on-tap licensing of Urban Cooperative Banks (UCBs).
- On-tap licensing means eligible entities can apply for a licence continuously rather than during a fixed application window.
🔥 Prelims Memory Trick
Repo 5.25 → SDF 5.00 → MSF/Bank 5.50
📝 Relevant Exams:
UPSC