21 Oct 2026 · RBI · report
RBI MPC Hikes Repo Rate by 25 Bps to 5.50%, Shifts Stance to Calibrated Tightening
Relevant for: BPSC Combined Competitive Examination
News In brief
The RBI's Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, unanimously increased the policy repo rate by 25 basis points to 5.50%. This decision, taken during its 63rd meeting, also adjusted the standing deposit facility (SDF) rate to 5.25% and the marginal standing facility (MSF) rate to 5.75%. The MPC adopted a "calibrated tightening" stance, citing evolving macroeconomic conditions.
Key Facts for Prelims
- Monetary Policy Committee (MPC) is constituted under Section 45ZB of the RBI Act, 1934.
- The 63rd MPC meeting was held from October 5 to 7, 2026.
- The policy repo rate was increased by 25 bps to 5.50 per cent.
- The standing deposit facility (SDF) rate is 5.25 per cent.
- The marginal standing facility (MSF) rate and Bank Rate are 5.75 per cent.
Source: RBI ↗
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