Wednesday, June 3, 2026 –
The Reserve Bank of India’s Monetary Policy Committee convened today for its June 2026 deliberations, with a policy announcement from Governor Sanjay Malhotra scheduled for Friday morning. The six-member MPC, chaired by Malhotra, will review interest rates, the inflation outlook, and economic growth prospects amid a slumping rupee and the energy shock from the West Asia conflict.
Market consensus points strongly toward a status quo on lending rates, with economists widely expecting the central bank to maintain the benchmark repo rate at 5.25 percent for the third consecutive meeting. The policy stance is also broadly expected to remain neutral, though the tone accompanying the decision could turn more defensive given emerging inflationary pressures from fuel costs.
The stakes are high. With ATF costs nearly doubling, inflation projections are rising toward the 5 percent mark, complicating any easing calculus. Borrowers with home loans, car loans, and business credit will be watching closely. Governor Malhotra’s statement will be broadcast live on the RBI’s YouTube channel at 10 AM on June 5, followed by a press conference at noon.
