The Reserve Bank of India (RBI) has released the schedule for the Monetary Policy Committee (MPC) meetings for the financial year 2026-27. The six-member MPC will hold six bi-monthly meetings during the fiscal year to review inflation trends, economic growth, liquidity conditions, and key interest rates, including the repo rate.
These policy meetings are closely monitored by banks, investors, businesses, borrowers, and financial markets because decisions taken by the MPC directly influence lending rates, deposit rates, inflation management, and overall economic activity.
RBI MPC Meeting Dates for FY 2026-27
| Meeting | Dates |
|---|---|
| First MPC Meeting | April 6 – April 8, 2026 |
| Second MPC Meeting | June 3 – June 5, 2026 |
| Third MPC Meeting | August 3 – August 5, 2026 |
| Fourth MPC Meeting | October 5 – October 7, 2026 |
| Fifth MPC Meeting | December 2 – December 4, 2026 |
| Sixth MPC Meeting | February 3 – February 5, 2027 |
Why RBI MPC Meetings Matter
The Monetary Policy Committee is responsible for deciding India’s benchmark policy repo rate, which influences borrowing costs across the economy.
The committee evaluates:
- Inflation trends
- GDP growth outlook
- Global economic conditions
- Liquidity in the banking system
- Currency movement
- Commodity and crude oil prices
Its decisions play a critical role in balancing economic growth and price stability.
What Happens During an MPC Meeting?
During each policy review, MPC members assess domestic and global economic conditions before voting on monetary policy decisions.
The committee may decide to:
- Increase repo rates
- Reduce repo rates
- Maintain status quo
- Change liquidity measures
- Revise inflation forecasts
- Update growth projections
The final policy announcement is generally made on the last day of the three-day meeting by RBI Governor Sanjay Malhotra.
Why Investors and Borrowers Closely Follow MPC Decisions
RBI Monetary Policy Committee meetings are among the most closely watched economic events in India because their outcomes can influence borrowing costs across the economy. Any change in the repo rate can impact home loans, vehicle loans, personal loans, and business financing costs.
Banks often adjust their lending and deposit rates based on the central bank’s policy stance, making MPC decisions relevant for both borrowers and savers.
Additionally, stock markets, bond yields, and currency markets frequently react to policy announcements, inflation projections, and growth forecasts released by the RBI during these meetings.
Focus Areas for FY27
Market participants are expected to closely watch upcoming MPC meetings as policymakers navigate:
- Inflation management
- Global geopolitical uncertainty
- Crude oil price volatility
- Currency fluctuations
- Domestic growth momentum
- Interest rate outlook
The June 2026 policy meeting, scheduled from June 3 to June 5, is already drawing significant attention amid expectations that the RBI may maintain its current policy stance while reviewing inflation and growth projections.
Key Highlights
- The Reserve Bank of India has released the Monetary Policy Committee (MPC) meeting schedule for FY 2026–27, outlining six bi-monthly policy reviews that will guide interest rate decisions and monetary policy direction.
- The MPC will meet on the following dates:
- April 6–8, 2026
- June 3–5, 2026
- August 3–5, 2026
- October 5–7, 2026
- December 2–4, 2026
- February 3–5, 2027
- These meetings are closely watched by markets as the MPC determines the repo rate, inflation outlook, liquidity stance, and broader monetary policy direction
- The June 2026 policy review is expected to attract particular attention amid concerns over global crude oil prices, geopolitical tensions, inflation risks, and currency movements.
- Financial markets, including banking, real estate, automobile, and bond sectors, often react sharply to MPC announcements and policy guidance.
- The RBI’s policy decisions remain focused on balancing inflation control, economic growth, financial stability, and liquidity management.
- Analysts expect the FY27 MPC meetings to play a crucial role in shaping borrowing costs, investment sentiment, and India’s macroeconomic outlook amid an evolving global environment.
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Last Updated on: Monday, June 1, 2026 11:11 am by Koushik Velpuri | Published by: Koushik Velpuri on Monday, June 1, 2026 11:11 am | News Categories: News
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