The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), chaired by Governor Shri Sanjay Malhotra, concluded its 57th meeting on October 1, 2025, with a unanimous decision to keep the policy repo rate unchanged at 5.5%.
With this decision, the Standing Deposit Facility (SDF) rate remains at 5.25%, while the Marginal Standing Facility (MSF) rate and the Bank Rate stay at 5.75%. The MPC also retained its neutral stance, signaling a cautious approach amid evolving global and domestic economic conditions.
The central bank highlighted that while inflation has moderated to multi-year lows and growth remains resilient, prevailing global uncertainties, trade-related risks, and the lingering impact of earlier monetary tightening warranted a status quo on policy rates.
This marks the second consecutive policy review where the RBI has opted for no change in the repo rate, balancing growth support with inflation management. The next MPC meeting is scheduled for December 3-5, 2025.
Official copy of the Monetary Policy Statement has been attached
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