New Delhi, Feb. 5 -- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting kicked off today, February 5, and it will be the first RBI policy under the new Governor Sanjay Malhotra. This is also the first RBI MPC meeting after the Union Budget 2025-2026 was presented on February 1

Economists widely expect the RBI to cut the benchmark repo rate by 25 basis points (bps) to 6.25%. In the last MPC meeting in December 2025, the former RBI Governor Shaktikanta Das announced the MPC's decision to keep the repo rates unchanged at 6.5% for the eleventh straight meeting, and maintain the monetary policy stance 'Neutral'.

While RBI is expected to cut repo rate on January 7, the move, however, seems to be largely priced into the ...