Summary of this article
RBI Governor Sanjay Malhotra will announce the policy decision on October 7.
Nomura and SBI Research expect two repo rate hikes by December.
Viewers can watch the announcement live on the RBI’s YouTube channel.
The Reserve Bank of India (RBI) will announce its latest monetary policy decision on Wednesday, October 7. Governor Sanjay Malhotra will announce the decision, followed by a press conference later in the day.
The central bank will announce its October policy decision at 10 am IST tomorrow, October 7. Governor Sanjay Malhotra will address the media at 12 noon IST on the same day. The announcement will outline the MPC's decision on interest rates and its assessment of inflation and economic growth.
Where To Watch the RBI MPC Announcement Live
Viewers can watch the RBI Governor Sanjay Malhotra’s policy announcement live on the central bank’s official YouTube channel from 10 am on October 7.
The governor's press conference will also be available on the same platform from noon. Readers can follow live news coverage for updates on the policy decision and its implications for borrowers, depositors and financial markets.
RBI MPC Meeting Expectations
Nomura, a Japanese financial services group and investment bank, expects the RBI to raise the repo rate by 25 basis points in October, followed by another 25-basis-point increase in December. This would take the repo rate to 5.75 per cent.
SBI Research also expects a 25-basis-point repo rate hike in October, followed by another increase in December. Its assessment points to rising inflation risks, challenging global conditions and changes in liquidity conditions.
The current repo rate stands at 5.25 per cent. A 25-basis-point increase at the October meeting would take it to 5.50 per cent.
RBI Repo Rate Changes In Recent Years
The RBI has made multiple changes to the repo rate over the past few years as the MPC responded to inflation and changing economic conditions. In May 2022, the RBI raised the repo rate by 40 basis points to 4.40 per cent. It followed this with a 50-basis-point increase in June, taking the rate to 4.90 per cent.
The MPC raised the rate by another 50 basis points in August 2022 to 5.40 per cent. In September, it increased the rate by 50 basis points again to 5.90 per cent. The December 2022 meeting brought another 35-basis-point increase, taking the repo rate to 6.25 per cent. The MPC then raised it by 25 basis points in February 2023 to 6.50 per cent.
The repo rate stayed at 6.50 per cent for an extended period before the RBI began cutting rates in 2025. The current repo rate stands at 5.25 per cent.
