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Reserve Bank of India

INR · Official Website

Latest Statement

⚖️ Neutral

2026-04-22

The Reserve Bank of India emphasizes its commitment to maintaining price stability while supporting economic growth. The central bank is closely monitoring inflation trends and is prepared to adjust its monetary policy as necessary to ensure economic stability.

The RBI is focused on controlling inflation to ensure economic stability.
There is a readiness to modify monetary policy in response to changing economic conditions.
The central bank is balancing the need for price stability with the support of economic growth.

Bank Profile

Mandate

Price stability (4% CPI ±2%), growth, financial stability

Decision Types

Repo rate, Reverse repo rate, Marginal Standing Facility, Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR)

Policy Instruments

Liquidity Adjustment Facility (LAF), Open market operations, Foreign exchange intervention, CRR/SLR adjustments

Target Indicators

CPI inflation (4%±2%), GDP growth, Current account deficit, Fiscal deficit

Communication Style

Detailed policy stance (accommodative/neutral/hawkish), inflation focused

Committee

Monetary Policy Committee (MPC) - 6 members (3 RBI + 3 external)

Economic Indicators

Policy Rate	5.25%
USD/INR	93.10
GDP Growth	8.3%
M2 Growth	11.3%
10Y Yield	6.84%
2y10y Spread	+0.26%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for India

Commodity	Price	1D	30D
Brent Crude Oil	116.73 USD/barrel	+2.4%	-2.4%
Gold	5,059.30 USD/oz	+1.7%	+13.7%

Recent Statements

Press Releases - Reserve Bank of India ⚖️ Neutral

2026-04-08

Press Releases - Reserve Bank of India ⚖️ Neutral

2026-02-20

Press Releases - Reserve Bank of India ⚖️ Neutral

2026-02-06

Press Releases - Reserve Bank of India 🕊️ Dovish

2025-12-19

⚡ Rate

↑0 ↓4 →0

🔮 Guidance

↑1 ↓0

📝 Classified Sentences

🔮 Guidance Hawkishmp_interest_rate

"The MPC also decided to continue with the neutral stance."

⚡ Rate Cutmp_interest_rate

"the MPC voted unanimously to reduce the policy repo rate under the liquidity adjustment facility (LAF) to 5.25 percent."

⚡ Rate Cutmp_interest_rate

"I would like to vote for a 25-bps cut in the repo rate to support the growth momentum, while keeping a status quo on the stance."

⚡ Rate Cutmp_interest_rate

"In view of the above, there is a very persuasive case for a 25-basis-point cut in the repo rate."

⚡ Rate Cutmp_interest_rate

"Therefore, I vote for a rate cut of 25 bps."

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