The Reserve Bank of India’s (RBI)Monetary Policy Committee (MPC) is set to announce the decisions taken in its second meeting of the financial year 2026-27 on Friday. Led by Governor Sanjay Malhotra, the six-member panel will deliberate on key aspects such as interest rates, inflation outlook, and growth projections.Amid ongoing geopolitical tensions in West Asia, volatile crude oil prices, and pressure on the rupee, the forecasts and policy decisions come in the backdrop of the Reserve Bank of India’s April 2026 move to keep the repo rate unchanged at 5.25 per cent, following a cumulative reduction of 125 basis points through 2025.Date and TimeThe bi-monthly MPC meeting is scheduled from June 3 to June 5, 2026. The policy outcome will be announced at 10:00 a.m. on June 5, followed by a press conference by Governor Malhotra later in the day.ExpectationThere is a buzz that RBI is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the June monetary policy review meeting. While headline retail inflation stays at 3.48 per cent (below RBI’s target range of 4 per cent), prevailing risks from the ongoing West Asia conflict and elevated global crude oil prices threaten a sharp rise in inflation and economic uncertainty.Hence, it is expected that the continuing geopolitical tensions, volatility in crude price, and rupee movements will heavily influence the policy outlook.What happened in 2025–2026?Feb 2025 – 25 bps rate cut, neutral stanceApr 2025 – 25 bps rate cut, neutral stanceJun 2025 – 50 bps rate cut, neutral stanceAug 2025 – no rate cut, neutral stanceOct 2025 – no rate cut, neutral stanceDec 2025 – 25 bps rate cut, neutral stanceFeb 2026 – no rate cut, neutral stanceApr 2026 – no rate cut, neutral stanceWhere to watchThe announcements and the subsequent press conference will be live streamed on the RBI’s YouTube channel. Viewers can also follow RBI’s official social media handles for updates. businesslinewill run a live blog to provide real-time coverage and key highlights.Published on June 4, 2026