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RBI MPC August 2026: Repo Rate Unchanged At 5.25%, MPC Retains Neutral Stance

The Reserve Bank of India’s Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, on Wednesday kept the benchmark repo rate unchanged at 5.25 per cent, opting for policy continuity as it assessed the evolving domestic and global macroeconomic environment.

The decision, announced at the conclusion of the MPC’s three-day meeting, marks another pause after the committee also left key interest rates unchanged in its June 2026 policy review.

The MPC also retained its ‘Neutral’ policy stance, signalling that it remains focused on balancing inflation management with the need to support economic growth.

Following the decision, the Standing Deposit Facility (SDF) rate remains at 5 per cent, while the Marginal Standing Facility (MSF) rate and the Bank Rate continue at 5.5 per cent.

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