The Reserve Bank of India (RBI) has begun its three-day Monetary Policy Committee (MPC) meeting from Wednesday, February 4, 2026. The policy review comes at a crucial juncture as financial markets, economists and borrowers closely track whether easing inflation conditions and global uncertainties provide room for further monetary support or warrant a continued cautious pause.
The outcome of the meeting is expected to have a significant impact on equity markets, bond yields, the rupee and borrowing costs across the economy.
RBI MPC Meeting February 2026: Date and Time of Policy Announcement
RBI Governor Sanjay Malhotra will announce the MPC's decisions at a press conference scheduled for 10:00 AM on Friday, February 6, 2026, marking the conclusion of the policy review. Along with the repo rate decision, the central bank will also share its updated inflation and GDP growth projections and provide clarity on its policy stance going forward.

Market participants are keenly watching whether the RBI maintains its wait-and-watch approach or opts for a rate cut to support growth amid easing inflation trends.
When and Where to Watch RBI Governor Sanjay Malhotra's Speech LIVE on 6 February 2026, Friday
As per tradition, the RBI will livestream the monetary policy announcement and press briefing across its official digital platforms. Viewers can watch the policy statement and Governor Malhotra's speech live on:
- RBI's official website
- RBI's YouTube channel
- RBI's official social media handles on X (formerly Twitter)
In addition, the Ministry of Finance and the Press Information Bureau (PIB) will publish real-time updates and share livestream links on their respective websites and social media platforms to ensure wider public access. MPC members are also expected to interact with the media and answer questions during the post-policy briefing.
Will RBI Cut Repo Rate on February 6? What Experts Expect
Majority of experts predict ahead of the policy outcome that the RBI will keep repo rate unchanged. While easing inflation has opened some room for monetary easing, concerns around currency volatility and strong GDP growth could lead the RBI to proceed cautiously.
"We do not expect an immediate rate cut from the Reserve Bank of India. The focus for now is likely to remain on liquidity management and assessing the transmission of past easing rather than on lowering rates immediately," said Saurabh Jain, Co-founder & CEO, Stable Money.
What Happened in the Previous MPC Meetings?
The February policy meeting assumes added importance following the RBI's 25 basis point repo rate cut to 5.25 percent in December 2025, after back-to-back pauses in August and October. With that move, the total rate cuts in FY26 reached 125 basis points, signalling a shift towards easier borrowing conditions to support growth amid global uncertainty.
In its October review, the RBI maintained its FY26 real GDP growth forecast at 6.8 percent, indicating economic resilience. Growth was projected to remain strong in the first half of the year before moderating slightly and stabilising into FY27.
RBI Growth and Inflation Outlook Snapshot
According to the RBI's latest projections:
GDP Growth FY26: 6.8%
GDP Growth Q1 FY26: 7.8%
GDP Growth Q2 FY26: 7.0%
GDP Growth Q3 FY26: 6.4%
GDP Growth Q4 FY26: 6.2%
GDP Growth Q1 FY27: 6.4%
On the inflation front:
Inflation FY26 (Full Year): 2.6%
Inflation Q4 FY26: 4.0%
Inflation Q1 FY27: 4.5%
The RBI had earlier noted that this growth and inflation trajectory suggests overall stability rather than any sharp economic slowdown.
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