Will EMI Slash Down: RBI Monetary Policy Today

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its first bi-monthly statement for the financial year 2026-27 later today. Governor Shaktikanta Das will address the nation at 10:00 AM, with all eyes on whether the central bank will shift its stance from “withdrawal of accommodation” to “neutral.”

This policy comes at a critical juncture as the “energy shock” from the West Asia war has significantly altered inflation projections for the coming quarter.

While the sudden ceasefire in the Gulf has led to a cooling of crude prices, the RBI is expected to maintain a cautious approach. Analysts suggest that while a repo rate cut is unlikely today, the Governor may provide a roadmap for liquidity management to support the Indian Rupee, which has faced immense pressure over the last week. The market will be listening closely for the RBI’s updated GDP growth forecast for FY27, given the geopolitical volatility and its impact on India’s import bill.