Introduction to RBI’s Monetary Policy Committee Meeting
The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) is set to convene for its fourth meeting of the financial year 2025-26. The three-day deliberation will begin on September 29 and conclude on October 1, 2025, with the outcome to be announced by RBI Governor Sanjay Malhotra.
RBI MPC Meeting October 2025: Date and Time
Governor Sanjay Malhotra will announce monetary policy decisions in a press conference scheduled for 10:00 AM on Wednesday, October 1, 2025, on the final day.
Watching Governor Sanjay Malhotra’s Speech Live
As per tradition, the central bank will livestream the policy announcement across its official digital platforms, including its YouTube channel and social media handles such as X (formerly Twitter). In addition to the governor’s statement, the MPC members will address the media and take questions. The Ministry of Finance and the Press Information Bureau (PIB) will also publish detailed updates and share the livestream links via their respective websites.
Expected Outcome: Will RBI Cut Repo Rate in October 2025?
RBI is widely expected to hold the repo rate steady at 5.50% during its October MPC meeting, according to a poll conducted by Goodreturns. Out of the 30 economists surveyed, 17 anticipate a status quo, while the remaining 13 foresee a rate cut, primarily of 25 basis points. While there appears to be some headroom for easing, most analysts believe the central bank will tread cautiously in light of potential growth headwinds, particularly from the recent escalation in US trade tariffs.
Previous MPC Meetings: August and June 2025 Highlights
This upcoming meeting holds particular significance amid rising global economic uncertainty and sustained volatility in Indian markets. In its previous MPC meeting in August 2025, the committee maintained the repo rate at 5.50% and adopted a neutral policy stance, even as the global trade environment worsened with the implementation of additional 25% US tariffs on August 27, bringing the total to 50%. Notably, the June 2025 MPC meeting saw more decisive action, with the RBI delivering a "jumbo" rate cut of 50 basis points, lowering the repo rate from 6.00% to 5.50%. It also reduced the Cash Reserve Ratio (CRR) by 100 basis points, aimed at injecting additional liquidity into the system.
Conclusion
The RBI’s Monetary Policy Committee meeting in October 2025 is highly anticipated, with expectations of the repo rate being held steady at 5.50%. The meeting’s outcome will be closely watched, given the current global economic uncertainty and its potential impact on the Indian economy. As the central bank navigates the complexities of monetary policy, its decisions will have significant implications for the country’s economic growth and stability.
