The Reserve Bank of India (RBI) and its Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra along with three external experts, have announced six crucial bi-monthly meetings scheduled from April 2025 to February 2026.
These RBI meetings matter because they directly impact your financial life. If the RBI cuts interest rates, your home and car loans could become cheaper, just like when they reduced the repo rate to 6.25% in 2025.
But if inflation rises too much, they might increase rates, making your EMIs more expensive. For savers, rate cuts could mean lower returns on fixed deposits, while businesses benefit from cheaper loans that help them expand and create more jobs.
Most importantly, the RBI uses these meetings to keep inflation in check, aiming to maintain price rises within its 4% target to protect your purchasing power. Every decision made in these meetings creates ripple effects across the entire economy, from your wallet to job opportunities nationwide.
Full MPC Meeting Schedule for FY25- 26
Here’s when the RBI will make critical rate decisions:
- First Meeting: April 7–9, 2025
- Second Meeting: June 4–6, 2025
- Third Meeting: August 5–7, 2025
- Fourth Meeting: September 29–October 1, 2025
- Fifth Meeting: December 3–5, 2025
- Sixth Meeting: February 4–6, 2026 (Just before Union Budget 2026!)
Also Read: Chidambaram Warns: Trump-Style Tariffs Could Crush India’s Auto Exports
Behind the Scenes: How MPC Decisions Are Made
- Day 1–2: MPC reviews GDP, inflation, global trends.
- Day 3:Â Members vote; RBI Governor announces the decision by noon.
- Key Players:
- RBI Insiders:Â Governor Malhotra, Deputy Governor Rao, ED Dr. Ranjan.
- External Experts:Â Economists like Dr. Nagesh Kumar and Prof. Ram Singh.
What’s Next After the 2025 Rate Cut?
In February 2025, RBI surprised everyone with a 25 bps rate cut—its first in 5 years. Governor Malhotra hinted more cuts could follow if inflation stays tame. Now, all eyes are on:
- Global oil prices
- Monsoon impact on food prices
- US Federal Reserve’s moves
RBI’s 2025-26 meetings are your financial weather forecast. Whether you’re a borrower, saver, or entrepreneur, these dates will shape your money decisions. Stay tuned for updates!
Pro Tip: Circle February 4–6, 2026—the last meeting before Budget 2026 could be a game-changer!
Also Read:Â Foreign Investors Pour Record $35B Into Indian Bonds Ahead of RBI Rate Cut
