RBI MPC Live Updates: Nifty, Sensex Open Lower

The NSE Nifty 50 and BSE Sensex opened lower on Wednesday ahead of the Reserve Bank of India’s monetary policy announcement. Infosys Ltd. and State Bank of India led the declines following US President Donald Trump’s announcement on imposing 104% tariff on China.

The Nifty 50 opened 0.34% lower at 22,460.30, while the Sensex fell 0.17% to 74,103.83.

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RBI MPC Meeting 2025 Live: 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.5%, ahead of the RBI Monetary Policy Committee decision on the repo rate.

Source: Bloomberg

RBI MPC Meeting Live Updates: Rupee Weakens Ahead Of Rate Decision

The Indian rupee weakens by 20 paise to open at 86.45 against the US dollar. It closed at 86.25 on Tuesday.

Source: Bloomberg

RBI Monetary Policy Live: Date And Time

RBI Governor Sanjay Malhotra is set to announce the decision of the six-member Monetary Policy Committee on Wednesday, April 9, at 10:00 a.m.

RBI MPC Meeting Live: CPI Inflation View

India’s consumer price index-based inflation moderated to 3.61% in February from 4.26% in January. Food and beverage inflation eased to 3.84% in February from 5.68% in January. The decline was led by vegetable inflation, which contracted by 1.07% in February, after rising by 11.35% in the previous month. Inflation also fell below the central bank’s target of 4% for the first time in six months, with expectations that it remained low in March.

FY25 average CPI inflation is estimated at 4.7% year-on-year, and it is estimated at 4% in FY26, she estimated. “Assuming a real rate of 1.5%, we forecast the terminal policy rate at 5.5% by December 2025,” said Aastha Gudwani, India chief economist at Barclays.

RBI Monetary Policy Live Updates: Committee Schedule For 2025-2026

The next RBI Monetary Policy Committee meetings for financial year 2025-26 will be held on the following dates:

  • June 4-6, 2025

  • Aug. 5-7, 2025

  • Sept. 29-Oct. 1, 2025

  • Dec. 3-5, 2025

  • Feb. 4-6, 2026

The central bank holds six bi-monthly meetings annually. Previous meeting in this financial year took place in February.

RBI MPC Live Updates: February 2025 Highlights

In its previous meeting in Feb. 2025, the MPC, led by the RBI Governor Sanjay Malhotra, unanimously decided to reduce the repo rate by 25 basis points, reducing it from 6.5% to 6.25%.

It was the first rate cut since the beginning of the COVID-19 pandemic, when the MPC slashed the repo rate by 40 bps to 4% in May 2020. Since 2022, the repo rate has been increasing, and it eventually rose to 6.5%.

Key takeaways from RBI Governor Sanjay Malhotra’s speech:

  • MPC voted unanimously to cut policy repo rate by 25 bps.

  • MPC also decided unanimously to continue with ‘neutral’ stance.

  • MPC to remain unambiguosly focused to bringing inflation to target on durable basis.

RBI Monetary Policy Expectations

The Reserve Bank of India is expected to cut the benchmark lending rate in April, even as it continues to frontload liquidity to ensure rate transmission.

All economists polled by Bloomberg expect the MPC to cut the rate, at least by 25 basis points.

“We expect the RBI to cut by another 25 basis points on April 9, while retaining the stance as neutral,” said Aastha Gudwani, India chief economist at Barclays.

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RBI Monetary Policy Decision Today

The Monetary Policy Committee or MPC of the Reserve Bank of India chaired by Governor Sanjay Malhotra began its 3-day MPC meeting on Monday, April 7, to discuss the first monetary policy for the financial year 2025-26. Key areas of the decision-making process included interest rates, inflation and growth outlook.

Malhotra will announce the decision of the six-member MPC at 10:00 a.m.

. Read more on Economy & Finance by NDTV Profit.RBI Governor Sanjay Malhotra will announce the decision of the six-member MPC at 10:00 a.m.  Read MoreEconomy & Finance, Business, Markets, Notifications 

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