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RBI Sets FY27 MPC Calendar, First Policy Decision Due April 8

Global volatility will shape how the panel applies the inflation target.

Overview

  • The Reserve Bank of India released the Monetary Policy Committee schedule for 2026–27, with the opening meeting set for April 6–8.
  • The rate decision from the April session will be announced on April 8 after the committee completes its third‑day vote.
  • The remaining bi‑monthly meetings are slated for June 3–5, August 3–5, October 5–7, December 2–4, and February 3–5.
  • The six‑member MPC sets the benchmark repo rate, which it left unchanged at 5.25 percent at the February review.
  • The RBI said in its latest bulletin that the Middle East conflict and new US trade investigations are increasing market volatility that will weigh on policy judgments.