The Reserve Bank of India held its benchmark repo rate at 5.25% at the conclusion of its February 2026 Monetary Policy Committee meeting, with all six members voting unanimously to maintain the current level. The decision preserves the neutral policy stance the committee adopted earlier in the easing cycle.
The RBI also confirmed that the Standing Deposit Facility rate would remain at 5.00% and that both the Marginal Standing Facility rate and the Bank Rate would stay at 5.50%, keeping the corridor around the repo rate unchanged.
ONE HUNDRED AND TWENTY-FIVE BASIS POINTS OF EASING
Since the RBI's February 2025 meeting, the MPC has delivered a cumulative 125 basis points of cuts. Consumer price inflation was 0.7% in November and 1.3% in December 2025, below the central bank's medium-term target band of 4% plus or minus two percentage points.