New Delhi, April 7 -- The Reserve Bank of India's (RBI) monetary policy committee (MPC) began its three-day meeting on Monday, April 6. The central bank will announce the decisions of the first meeting of the financial year 2026-27 (FY27) on Wednesday, April 8. Chaired by Governor Sanjay Malhotra, the six-member panel will assess key issues, including interest rates, the inflation trajectory, and growth outlook.

The policy review comes against a backdrop of escalating geopolitical conflict in the Middle East and a weakening rupee. It also follows the RBI's February 2026 decision to hold the repo rate steady at 5.25%, after having reduced it by a total of 125 basis points in 2025.

In February, the MPC unanimously voted to keep interest r...