India News | RBI Announces MPC Schedule for FY26; First Rates Decision on April 9

Mumbai, Mar 26 (PTI) The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee (MPC) meetings for financial year 2025-26.

The rate-setting panel will hold its first meeting of the fiscal from April 7-9 and the next will begin on June 4, as per an official statement.

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Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed.

The second bi-monthly policy review meeting will end on June 6, the statement said, adding that this will be followed by three-day meetings in August, September, December, and February.

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The six-member panel headed by the governor has three external members.

The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations.

The committee at its last meeting held in February had reduced the key short-term lending rate by 25 basis points after a gap of nearly 5 years.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)