RBI Repo Rate Today: MPC Holds Rate at 5.25%, Raises FY27 GDP Forecast to 6.7%

RBI repo rate today: MPC holds at 5.25% for a fourth straight meeting, keeps neutral stance, lifts FY27 GDP forecast to 6.7%; CPI seen at 5.1%, peaking in Q3.

RBI repo rate today stayed unchanged at 5.25 percent, with the six-member Monetary Policy Committee voting unanimously to hold rates for a fourth consecutive meeting. Announcing the decision on Wednesday, RBI Governor Sanjay Malhotra also retained the neutral policy stance and raised the FY27 real GDP growth forecast to 6.7 percent from the 6.6 percent projected in June.

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The RBI repo rate today decision was widely expected, with economists having flagged a status quo outcome through the three-day meeting held from 3 to 5 August. With the Standing Deposit Facility rate unchanged at 5 percent and the Marginal Standing Facility rate and Bank Rate steady at 5.5 percent, attention today shifted quickly to the RBI’s commentary on inflation, growth and global risks.

What the RBI Said on Inflation Today

On inflation, the RBI repo rate today announcement came with a clear message from the Governor: headline inflation has edged up above the medium-term target, driven mainly by rising fuel and food prices, with little sign yet of these pressures spreading more broadly across the economy. The central bank expects headline inflation to keep rising in the near term and peak in the third quarter of FY27, before moderating through the rest of the year. Core inflation, the RBI noted, continues to remain benign even as the headline number has drifted higher.

RBI Repo Rate Today: Key Numbers at a Glance

Here is a quick snapshot of the RBI repo rate today decision and the fresh projections that came with it.

• Repo rate: unchanged at 5.25 percent, the fourth straight policy pause.
• Policy stance: retained at neutral.
• Standing Deposit Facility (SDF) rate: 5 percent.
• Marginal Standing Facility (MSF) rate and Bank Rate: 5.5 percent.
• FY27 real GDP growth forecast: raised to 6.7 percent from 6.6 percent.
• FY27 CPI inflation forecast: 5.1 percent, expected to peak in Q3 FY27.

Why the RBI Held Rates Today

Governor Malhotra’s commentary today pointed squarely at global uncertainty as a key reason for caution. He noted that the continuing conflict in West Asia has disrupted trade routes and supply chains, increased market volatility and weakened business sentiment worldwide. Global growth is expected to slow, inflation is projected to stay elevated through 2026, and central banks internationally remain divided between tightening and holding steady. Against this backdrop, the RBI repo rate today decision reflects a preference for preserving policy flexibility rather than reacting to inflation that is currently being driven mostly by food and fuel rather than broader demand pressures.

Market Reaction to the RBI Repo Rate Today Decision

Markets showed a largely muted reaction to the RBI repo rate today announcement, as a hold was already the consensus view heading into the meeting. The Nifty 50 eased marginally to around Rs 24,582, down about 0.13 percent from Tuesday’s close of Rs 24,614.90, with RSI at 62.4 and the index still trading above its 20-day moving average of Rs 24,194.08. The Sensex held near Rs 78,651, while Bank Nifty traded around Rs 57,732, with RSI at a neutral 51.3, suggesting the RBI repo rate today announcement was fully priced in rather than a fresh trigger for either buying or selling.

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What This Means for Borrowers and Investors

For borrowers, an unchanged RBI repo rate today means EMIs on existing repo-linked home, auto and personal loans should stay steady for now, with no immediate relief or increase in borrowing costs. Savers holding fixed deposits are unlikely to see a meaningful shift in deposit rates either given today’s hold. For investors, the RBI’s upgraded growth forecast alongside a near-term inflation uptick keeps the focus on the next policy review for any early signal of a change in stance, particularly once the Q3 inflation peak that the RBI flagged today starts to show up in the data.

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Conclusion

The RBI repo rate today held steady at 5.25 percent for a fourth straight meeting, with the Monetary Policy Committee retaining its neutral stance and raising the FY27 growth forecast to 6.7 percent even as it flagged a near-term rise in inflation to a Q3 peak. With fuel and food prices driving the current uptick rather than broader demand, and global uncertainty from the West Asia conflict still clouding the outlook, the RBI repo rate today decision leaves the central bank room to watch incoming data before its next move.

FAQs

What is the RBI repo rate today, 5 August 2026?

Ans. The RBI repo rate today stands unchanged at 5.25 percent, after the Monetary Policy Committee voted unanimously to hold rates for a fourth consecutive meeting.

Did the RBI change its policy stance today?

Ans. No. The RBI retained its neutral policy stance today, the same stance it has held since shifting away from accommodative earlier in the cycle.

What is the RBI’s inflation forecast for FY27?

Ans. The RBI has projected CPI inflation for FY27 at 5.1 percent, with headline inflation expected to peak in the third quarter of FY27 before moderating.

What is the RBI’s GDP growth forecast for FY27?

Ans. The RBI raised its FY27 real GDP growth forecast to 6.7 percent today, up from the 6.6 percent projected at the June policy review.

How does the RBI repo rate today affect home loan EMIs?

Ans. Since the repo rate is unchanged today, EMIs on existing repo-linked home, auto and personal loans are not expected to change immediately.

Is this RBI repo rate today update investment advice?

Ans. No. This article is for informational and educational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any financial decision.