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Recent Current Affairs related to Repo Rate

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12 August 2026 BANKING

The 62nd and 3rd Bi-monthly Monetary Policy Committee (MPC) meeting of FY27 was held under the chairmanship of Sanjay Malhotra, Governor of the RBI.

The MPC voted unanimously to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%, while maintaining a “Neutral” stance. The Standing Deposit Facility (SDF) rate remains at 5%, and both the Marginal Standing Facility (MSF) rate and the Bank Rate are maintained at 5.5%.

The RBI has revised the Gross Domestic Product (GDP) growth forecast of India for FY27 upward to 6.7% from its previous projection of 6.6%. The Consumer Price Index (CPI) inflation for FY27 is projected at 5%.

5 August 2026 ECONOMY

According to the report titled "Prelude to Monetary Policy Committee (MPC) Meeting: August 3-5, 2026 Peace in a piecemeal manner" released by the Economic Research Department of the SBI, India's GDP growth for Q1 FY27 is projected at 7%.

The report stated that inflation stood at 3.9% during Q1 FY27. It further projects that the Consumer Price Inflation (CPI) will remain above 5% during the next two quarters of FY27, with an overall inflation projection of 5% for the full financial year.

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