07/10/2026
After a detailed assessment of the evolving macroeconomic and financial conditions, developments, and and the outlook, the MPC voted unanimously to increase the policy repo rate under the lab by 25 basis points to 5.5 percent. Consequently, the STF rate stands adjusted to 5.25 percent, and the marginal standing facility rate and the bank rate to 5.75 percent. The MPC also decided to change the stance to calibrated tightening by a majority of 4-2: Governor Sanjay Malhotra