{"id":196714,"date":"2026-04-15T14:40:00","date_gmt":"2026-04-15T09:10:00","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=196714"},"modified":"2026-04-14T16:58:03","modified_gmt":"2026-04-14T11:28:03","slug":"rbi-monetary-policy-april-2026-repo-rate-mpc","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/rbi-monetary-policy-april-2026-repo-rate-mpc\/","title":{"rendered":"RBI’s new monetary policy \u2014 what every bank aspirant must know"},"content":{"rendered":"
Home<\/a><\/span> \u00bb Regulatory<\/a><\/span> \u00bb RBI Monetary Policy April 2026<\/span><\/span><\/div>\n\n\n

If you are preparing for IBPS PO, SBI PO, RBI Grade B, or any other banking exam \u2014 you simply cannot ignore the RBI’s latest monetary policy. This is one of the most asked topics in GA (General Awareness) sections. And right now, the timing could not be more important.<\/p>\n\n\n\n

On April 8, 2026<\/strong>, the Reserve Bank of India announced its monetary policy decision for FY 2026\u201327. The RBI kept the repo rate unchanged at 5.25%<\/strong> and maintained a neutral stance<\/strong> \u2014 and there is a lot packed into that single decision that examiners love to test.<\/p>\n\n\n\n

Read this guide fully. It covers everything \u2014 in simple language \u2014 with exam-ready facts, key terms, and FAQs. Let’s go!<\/p>\n\n\n\n

Are you ready for your banking exam?<\/h3>\n\n\n\n

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What is the RBI Monetary Policy?<\/h2>\n\n\n\n

The RBI uses monetary policy to control inflation, manage liquidity in the economy, and support growth. The Monetary Policy Committee (MPC)<\/strong> \u2014 a six-member body led by RBI Governor Sanjay Malhotra<\/strong> \u2014 meets every two months to review and decide on interest rates.<\/p>\n\n\n\n

The MPC looks at inflation data, GDP growth numbers, global factors, and domestic economic health before announcing its decision. That decision directly affects your EMIs, bank deposits, government borrowing, and the overall flow of money in India.<\/p>\n\n\n\n

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Quick Fact:<\/strong> The MPC’s 60th meeting took place from April 6 to April 8, 2026. It was the first policy review for FY 2026\u201327. Governor Sanjay Malhotra announced the decision on April 8 at 10 AM.<\/p>\n<\/blockquote>\n\n\n\n

April 2026 MPC Decision \u2014 Key Numbers at a Glance<\/h2>\n\n\n\n

Here are the exact numbers you need to memorise for your exam:<\/p>\n\n\n\n

Rate \/ Indicator<\/th>Value<\/th>Status<\/th><\/tr><\/thead>
Repo Rate<\/strong><\/td>5.25%<\/td>Unchanged<\/td><\/tr>
Standing Deposit Facility (SDF)<\/strong><\/td>5.00%<\/td>Unchanged<\/td><\/tr>
Marginal Standing Facility (MSF) \/ Bank Rate<\/strong><\/td>5.50%<\/td>Unchanged<\/td><\/tr>
Policy Stance<\/strong><\/td>Neutral<\/td>2nd consecutive hold<\/td><\/tr>
GDP Growth Projection (FY27)<\/strong><\/td>6.9%<\/td>Revised upward<\/td><\/tr>
CPI Inflation Projection (FY27)<\/strong><\/td>4.6%<\/td>Projected<\/td><\/tr>
Forex Reserves (April 3, 2026)<\/strong><\/td>USD 696.1 billion<\/td>As stated by Governor<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

This is the second consecutive meeting<\/strong> where the RBI has held rates steady. Since February 2025, the RBI has already cut rates by a cumulative 125 basis points<\/strong> \u2014 its most aggressive easing cycle since 2019.<\/p>\n\n\n\n

Why Did the RBI Keep Rates Unchanged?<\/h2>\n\n\n\n

Great question \u2014 and examiners love asking this! The RBI did not cut rates this time because of the following reasons:<\/p>\n\n\n\n