Today is the last day of the Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI). RBI will announce its policy for FY26 today, February 6. After multiple repo rate cuts last year, there is uncertainty over whether the RBI will make another cut or maintain the current rate.
Expectations of repo rate cut low
This time the possibility of reduction in repo rate is very less, because this policy review is taking place at an important juncture. Just a few days ago, capital expenditure was increased by 12 per cent in Budget 2026 and the fiscal deficit target for FY2026-27 was set at 4.3 per cent.
Apart from this, the external environment also seems to be improving. A trade deal has been finalized between the US and India, as a result of which tariffs on Indian imports into the US have been reduced from the previous 25 per cent to 18 per cent. Additionally, the recently concluded India-EU FTA is expected to boost trade and investment, leading to continued capital inflows. The committee had already reduced the repo rate by 0.25 percent in December. Therefore, economists believe the RBI has limited scope for further cuts.
When and where to watch live?
RBI Governor Sanjay Malhotra will announce the decisions taken in the MPC meeting at a press conference on Friday, February 6, 2026, at 10:00 am. Apart from the repo rate, details of the policy framework for the future as well as inflation and GDP growth projections will also be shared.
You can watch the policy statement and Governor Malhotra’s speech live on the RBI official website, RBI’s YouTube channel, or RBI’s official social media handles on X (previously Twitter). Real-time updates and livestream links will also be shared on the websites and social media platforms of the Finance Ministry and Press Information Bureau (PIB). MPC members are expected to interact with the media and answer questions during the post-policy briefing.