economy1 min read

RBI Keeps Repo Rate Unchanged at 6.5% in May 2026 MPC Meeting

The Monetary Policy Committee (MPC) of the RBI decided to keep the policy repo rate unchanged at 6.5% for the eighth consecutive time.

BANKINGSSCUPSCEnglish

Key Points for Quick Revision

  • The Repo Rate remains unchanged at 6.5%.
  • The Standing Deposit Facility (SDF) rate stays at 6.25%.
  • The Marginal Standing Facility (MSF) rate and Bank Rate remain at 6.75%.
  • The MPC consists of 6 members (3 from RBI and 3 external).

How This Topic is Tested in Competitive Exams

ExamFrequencyApprox. MarksWhat Gets Asked
Banking (IBPS / SBI)Very High6–10RBI policy, inflation, CRR/SLR, monetary committee decisions — banking exams test the full spectrum.
SSC (CGL / CHSL / MTS)Medium2–4Budget highlights, GDP data, and government economic schemes appear in SSC CGL GK section.
UPSC / State PCSHigh10–20Economy is a core UPSC subject. Economic Survey, budget, and policy changes are heavily tested.

What to Memorize from This Topic

  • Key budget figures: fiscal deficit %, GDP growth projection, key scheme allocations
  • RBI rate decisions: Repo rate, CRR, SLR, Reverse Repo — current values
  • Rankings: India's position in ease of doing business, hunger index, HDI
  • Abbreviations: FRBM, NBFC, MPC, PMGSY, PMGKAY — full forms and purpose
  • Trade data: import-export balance, major trading partners

Practice Questions

Q1. What is the current Repo Rate as per the May 2026 RBI MPC meeting?

  1. 6.0%
  2. 6.25%
  3. 6.5%
  4. 6.75%

Explanation: The RBI kept the repo rate unchanged at 6.5%.

Q2. How many members are there in the RBI's Monetary Policy Committee (MPC)?

  1. 4
  2. 5
  3. 6
  4. 7

Explanation: The MPC is a 6-member committee, including the RBI Governor.

Attempt today's full quiz

How to Prepare Economy & Finance for Government Exams

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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