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The RBI Monetary Policy Committee (MPC) was scheduled to meet from October 5 to 7, 2026. When is the repo rate decision? Business Standard reported on October 6 that Governor Sanjay Malhotra would announce it at 10 am IST on Wednesday, October 7, with a press conference at noon. At 09:56 IST that morning, the decision was still pending in the available pre-meeting reporting, so no October rate outcome can be stated here as fact.
When is the RBI MPC meeting, and what time is the decision?
The announced FY2026–27 schedule listed the meeting for October 5–7, 2026. The schedule was dated March 23, 2026; a copy was indexed by Track RBI as a republished RBI release: Track RBI’s schedule notice.
Business Standard’s October 6 preview reported that the decision would be announced at 10 am IST on October 7, followed by a press conference at noon. These are the times reported by that outlet, rather than a confirmation from an RBI live notice: Business Standard’s October 6 preview.
What was the latest known repo rate before the October meeting?
The latest available pre-October decision was the August 2026 review: the MPC kept the repo rate at 5.25 per cent and retained a neutral stance. The August resolution said the committee wanted greater clarity about inflation’s path and composition before taking policy action. That earlier decision provides context, but it does not establish what the MPC decided in October. The resolution is indexed through Track RBI: Track RBI’s August policy materials.
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What is on the MPC’s agenda?
The committee considers a range of evidence before adopting its resolution, which includes the repo-rate decision. According to the RBI’s monetary-policy process overview, that evidence includes:
- Surveys of consumer confidence, household inflation expectations, corporate performance and credit conditions.
- Sectoral outlooks and projections from professional forecasters.
- RBI staff macroeconomic projections and alternative risk scenarios.
The August policy discussion highlighted inflation risks linked largely to food and fuel supply pressures, as well as uncertainty involving the monsoon, El Niño, geopolitics and global trade. Those factors informed the earlier deliberations; they do not predict or determine the October vote. The RBI’s process overview is available at RBI: Monetary Policy.
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What did observers expect, and what outcomes were still possible?
Business Standard reported that eight of the ten respondents in its poll expected a 25 basis-point hike. That is the outlet’s poll, not an RBI forecast or proof of wider market consensus. Before the announcement, the relevant distinction was between the existing rate and a possible increase:
| Possibility | What it meant before the announcement |
|---|---|
| Status quo | The MPC could leave the repo rate at the prior 5.25 per cent level. The August stance was neutral. |
| 25 basis-point increase | This was the hike expected by eight of ten respondents in Business Standard’s poll; it remained an expectation, not a confirmed decision. |
The repo-rate decision and the policy stance are related but distinct parts of the resolution. The Governor’s press conference is a separate event from the scheduled announcement.
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