भारतीय रिजर्व बैंक (RBI) की मौद्रिक नीति समिति (MPC) की बैठक: रेपो रेट 6.25% पर स्थिर
RBI की मौद्रिक नीति समिति ने मई 2026 की अपनी बैठक में रेपो रेट को 6.25% पर अपरिवर्तित रखने का निर्णय लिया है।
2-Minute Summary (TL;DR)
- The RBI's Monetary Policy Committee (MPC) has maintained the repo rate at 6.25% in May 2026.
- The Standing Deposit Facility (SDF) rate remains at 6.00%, and the Marginal Standing Facility (MSF) rate is unchanged at 6.50%.
- The MPC voted unanimously to keep the policy rates steady.
- The decision aims to balance inflation control with economic growth.
- RBI Governor Shaktikanta Das highlighted the Indian economy's resilience but stressed vigilance on food inflation.
- Real GDP growth for FY 2026-27 is projected at 7.0%, and CPI inflation is projected at 4.5%.
- The MPC continues with a 'withdrawal of accommodation' stance.
- The current repo rate stability means no immediate increase in EMIs for home and auto loans.
- The MPC is constituted under the RBI Act, 1934, as amended by the Finance Act, 2016.
How This Topic is Tested in Competitive Exams
| Exam | Frequency | Approx. Marks | What Gets Asked |
|---|---|---|---|
| SSC (CGL / CHSL / MTS) | Medium | 2–4 | Budget highlights, GDP data, and government economic schemes appear in SSC CGL GK section. |
| Banking (IBPS / SBI) | Very High | 6–10 | RBI policy, inflation, CRR/SLR, monetary committee decisions — banking exams test the full spectrum. |
| UPSC / State PCS | High | 10–20 | Economy is a core UPSC subject. Economic Survey, budget, and policy changes are heavily tested. |
| State PCS / PSC | High | 4–8 | State budget, MSME, agriculture policy, and banking data are common in state PCS papers. |
Key Facts to Remember: भारतीय रिजर्व बैंक (RBI) की मौद्रिक नीति समिति (MPC) की बैठक: रेपो रेट 6.25% पर स्थिर
- The RBI's Monetary Policy Committee (MPC) has maintained the repo rate at 6.25% in May 2026.
- The Standing Deposit Facility (SDF) rate remains at 6.00%, and the Marginal Standing Facility (MSF) rate is unchanged at 6.50%.
- The MPC voted unanimously to keep the policy rates steady.
- The decision aims to balance inflation control with economic growth.
- RBI Governor Shaktikanta Das highlighted the Indian economy's resilience but stressed vigilance on food inflation.
- Real GDP growth for FY 2026-27 is projected at 7.0%, and CPI inflation is projected at 4.5%.
- The MPC continues with a 'withdrawal of accommodation' stance.
- The current repo rate stability means no immediate increase in EMIs for home and auto loans.
- The MPC is constituted under the RBI Act, 1934, as amended by the Finance Act, 2016.
Practice Questions
Q1. What was the decision of the RBI's Monetary Policy Committee (MPC) regarding the repo rate in its May 2026 meeting?
- Increased to 6.50%
- Decreased to 6.00%
- Maintained at 6.25%
- Increased to 6.75%
Explanation: The MPC unanimously decided to keep the policy repo rate unchanged at 6.25% in its May 2026 meeting. This decision reflects a cautious approach to monetary policy.
Q2. Which of the following rates was also maintained at 6.00% by the MPC?
- Marginal Standing Facility (MSF) rate
- Bank Rate
- Reverse Repo Rate
- Standing Deposit Facility (SDF) rate
Explanation: The Standing Deposit Facility (SDF) rate was maintained at 6.00%, along with the repo rate remaining at 6.25% and the MSF rate at 6.50%.
Q3. As per the MPC's projections for 2026-27, what is the expected Real GDP growth rate for India?
- 6.5%
- 7.0%
- 7.5%
- 6.8%
Explanation: The MPC projected the Real GDP growth for the fiscal year 2026-27 to be 7.0%. This indicates an optimistic outlook on economic expansion.
Q4. The Monetary Policy Committee (MPC) is constituted under which act, as amended by the Finance Act?
- The Banking Regulation Act, 1949
- The Reserve Bank of India Act, 1934
- The Companies Act, 2013
- The Finance Act, 2016
Explanation: The Monetary Policy Committee (MPC) was established by an amendment to the Reserve Bank of India Act, 1934, via the Finance Act, 2016. This committee is responsible for setting the policy repo rate.
Q5. What is the primary mandate of the RBI's Monetary Policy Committee (MPC)?
- To manage foreign exchange reserves and control the Rupee's value.
- To ensure financial stability and regulate banks.
- To determine the policy repo rate to achieve the inflation target while considering growth.
- To oversee government borrowing and public debt management.
Explanation: The primary mandate of the MPC is to determine the policy repo rate required to achieve the inflation target set by the government (currently 4% +/- 2%), while keeping in mind the objective of economic growth.
How to Prepare Economy & Finance for Government Exams — भारतीय रिजर्व बैंक (RBI) की मौद्रिक नीति समिति (M…
Track current Repo Rate, Inflation rate, and GDP growth. These three numbers appear in almost every banking exam.
Keep a running note of new schemes with their ministry, launch date, and target beneficiary group.
Focus on the Economic Survey and Union Budget highlights — these single documents generate dozens of exam questions.
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