RBI unveils FY26 final monetary policy amid rate cut expectations

The Reserve Bank of India (RBI) on Friday unveiled its latest monetary policy decision, concluding the sixth and final bi-monthly meeting of the Monetary Policy Committee (MPC) for FY26. The six-member panel, chaired by RBI Governor Sanjay Malhotra, held deliberations from February 4 before announcing its decision on February 6. 

The policy announcement, closely watched by markets and economists, comes at a time when the central bank has already lowered the policy repo rate by a cumulative 125 basis points since February 2025, signalling a shift towards growth support amid easing inflationary pressures. 

While addressing the media, Governor Malhotra said the Indian economy continues to remain resilient despite global uncertainties. He noted that Monetary policy will be guided by new inflation data based on revised series

The policy review follows key macroeconomic developments, including the presentation of the Union Budget for 2026–27 and the announcement of the India–US trade agreement, both of which are expected to have implications for growth, inflation and external trade.