RBI Monetary Policy Committee Keeps Repo Rate Unchanged at 6.50% with Focus on Inflation Control

The central bank retains its "withdrawal of accommodation" stance citing food inflation risks.

19 August 2026

1 min 715

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Quick Exam Facts & Key Pointers

Bi-monthly monetary policy decision announced by RBI Governor.

Repo Rate held at 6.50%

GDP growth estimated at 7.2%

CPI inflation projected at 4.5%

Exam Relevance: UPSC, SSC, Banking, State PCS

The 6-member Monetary Policy Committee (MPC) headed by the RBI Governor voted 4:2 to maintain the benchmark repo rate at 6.50%.

Standing Deposit Facility (SDF) rate remains at 6.25% and Marginal Standing Facility (MSF) at 6.75%.

Real GDP growth projection for FY27 is pegged at 7.2%.

CPI inflation is targeted around 4.5% with food inflation monitored closely.

Source & Reference: PIB / The Hindu

Monetary Policy Framework Agreement, Section 45ZB of RBI Act 1934, headline vs core inflation.

Current Repo Rate: 6.50%, MSF: 6.75%, SDF: 6.25%.

Tags: #Haryana CET #IBPS PO #ISRO #SSC CGL