RBI governor Sanjay Malhotra announced a status quo on interest rates on 8 April 2026. (PTI)(PTI)AI Quick ReadRBI MPC meeting: Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday, April 8, announced a status quo on repo rate and monetary policy stance, citing increased inflationary risks due to geopolitical developments, even as the fundamentals of the Indian economy remain on a strong footing at the current juncture.
The Monetary Policy Committee (MPC) of the RBI decided to keep the repo rate unchanged at 5.25%, and maintain the policy stance as "neutral".
RBI monetary policy: Key highlights
The central bank maintained the repo rate and policy stance unchanged for the second consecutive policy meeting in April. In February as well, the RBI had held rates steady and maintained a neutral stance after cutting the repo rate by 25 basis points in December last year.
With the repo rate at 5.25%, the standing deposit facility (SDF) rate, at which banks can deposit excess funds with the RBI, remains at 5%. Moreover, the marginal standing rate, or the MSF rate- the rate at which banks can borrow money from the RBI during an emergency- remains at 5.50%.
(This is a developing story. Please check back for fresh updates.)
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Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.
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He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters.
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His coverage includes stock market trends, sector rotations, monetary and fiscal policy developments, inflation, growth data, and personal finance strategies.
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With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments.
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He regularly interviews market veterans, fund managers, economists, policymakers, and corporate leaders to provide readers with a 360-degree view of market dynamics and the broader economic landscape.
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Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies.
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Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.