RBI MPC June 2026 LIVE: Status Quo or Hawkish Surprise? Guv Sanjay Malhotra To Announce Policy Verdict Today

RBI MPC June 2026 LIVE Updates: The Reserve Bank of India's bi-monthly Monetary Policy Committee (MPC) meeting began on June 3, with its six-member panel.

After two days of discussions, all eyes are now on RBI Governor Sanjay Malhotra, who will announce the policy decision at 10 AM today.

While most economists expect the central bank to keep the repo rate unchanged at 5.25%, but the pressure due to rising inflation, rupee volatility, and recent ups & downs in crude oil prices have brought an element of uncertainty into the outcome.

The RBI has cut the repo rate by a cumulative 100 basis points since February 2025, the most aggressive easing in years. The central bank has also projected FY27 GDP growth at 6.9% and raising its retail inflation forecast to 4.6%. Since then, wholesale inflation has surged to a three-and-a-half-year high, global oil prices have remained volatile due to US- Iran tensions, and the rupee has experienced sharp fluctuations against the US dollar.

Retail inflation (CPI) remains at 3.48%, still comfortably within the RBI's 2-6% tolerance band. Crude oil has since pulled back, down 21.8% in May to around $91 in hopes of a US-Iran memorandum of understanding that could reopen the Strait of Hormuz. That easing in oil prices appears to have removed pressure for any emergency rate action.

Although a rate pause is highly likely, the focus is on Governor Sanjay Malhotra's post-policy commentary, which will provide insights on the RBI's inflation outlook, and the direction of interest rates in the months ahead.

LIVE Feed

Jun 05, 2026, 6:39 am IST

RBI MPC June 2026 Expectations: Bond and FD Investors in Focus

“A pause would be positive for fixed-income investors. Government bond yields are likely to remain largely stable, while high-quality corporate bonds should continue to offer attractive risk-adjusted returns.The current environment remains favourable across both term deposits and bonds.For FD investors, current rates remain attractive. Rather than trying to time the next policy move, investors with medium- to long-term goals can consider locking in a portion of their savings at today's rates while maintaining adequate liquidity.” Said Saurabh Jain, Co-founder & CEO, Stable Money

Jun 05, 2026, 6:35 am IST

RBI MPC June 2026 Expectations: Markets Price In a Pause, All Eyes on Future Rate Signals

“From a market standpoint, a pause is largely priced in and should help maintain stability across equity and fixed-income markets. More than the rate decision itself, investors will closely track the RBI’s commentary on inflation, liquidity, currency movements and global risks, as these factors will shape expectations around the future rate trajectory.” said Gaurav Garg, Research Analyst at Lemonn Markets Desk

Jun 05, 2026, 6:32 am IST

Bond market on edge ahead of Today’s verdict

The 10-year government bond yield usually moves based on what the RBI says in its MPC meeting. If the RBI keeps interest rates unchanged and gives a balanced message, bond yields are likely to remain steady. However, if the RBI raises its inflation forecast or signals that it may take a tougher stance on inflation in the future, bond yields could rise. This would make borrowing more expensive for businesses and consumers, even if the RBI does not actually increase interest rates.

Jun 05, 2026, 6:31 am IST

Previous RBI MPC Highlights

In its April 2026 policy meeting, the RBI's Monetary Policy Committee (MPC) unanimously kept the repo rate unchanged at 5.25% and retained its neutral stance. The central bank raised its FY27 retail inflation forecast to 4.6% from 4.2% while projecting GDP growth of 6.9%. This came after a total 100 basis points of rate cuts between February and December 2025, which brought the repo rate down from 6.25% to 5.25%.

Jun 05, 2026, 6:07 am IST

RBI MPC June 2026 LIVE: Welcome to Our Live Coverage

Good morning and welcome to our live coverage of the Reserve Bank of India's June 2026 Monetary Policy Committee (MPC) meeting. RBI Governor Sanjay Malhotra is set to announce the policy decision shortly. Stay tuned with us to know the repo rate decision, key policy highlights, expert analysis, and the market reaction today