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Reserve Bank of India: decision of 5 June 2026
The Reserve Bank of India's Monetary Policy Committee kept the policy repo rate at 5.25% and retained its neutral stance.
Decision
hold
- Rate
- 5.25%=5.25%
- Change
- 0 bp
- Vote
- unanimous
- Announced
Sources
- Statement
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62863- Recorded
- 5 Jun 2026
- Data
- JSON
What the bank said
The MPC said CPI inflation, at 3.5% in April 2026, remained below target because pass-through of the global energy shock had been limited, but it projected inflation of 5.1% for 2026-27 with upside risks.
It noted that retail petrol and diesel prices had been raised by 7.4% and 8.4% since May, with a direct impact of about 36 basis points on headline inflation.
The MPC said the risks of higher inflation had amplified but judged it prudent to wait for greater clarity on the conflict, supply chains and the monsoon.
Guidance. The MPC said it would remain data-dependent and closely monitor whether supply-side pressures were becoming embedded in the general price level and inflation expectations.
Before and after
- Previous decision: 8 Apr 2026, held the policy repo rate at 5.25%.
- Next decision: 5 Aug 2026, held the policy repo rate at 5.25%.
- All Reserve Bank of India decisions and the rate history