RBI MPC meeting dates for 2026-27: six meetings, the next on December 2, 3 and 4, 2026.
The Reserve Bank of India publishes the Monetary Policy Committee’s schedule for each financial year in advance. The committee announces its decision on the last day of each meeting. In 2026-27 it held the repo rate at 5.25% at its first three meetings, then raised it by 25 basis points to 5.50% on 7 October 2026 and changed its stance to calibrated tightening. The schedule for 2027-28 has not yet been published by the RBI.
MPC schedule 2026-27
| Meeting | Dates | Outcome |
|---|---|---|
| 1st | April 6, 7 and 8, 2026 | Repo rate 5.25% (no change), vote 6-0 |
| 2nd | June 3, 4 and 5, 2026 | Repo rate 5.25% (no change), vote 6-0 |
| 3rd | August 3, 4 and 5, 2026 | Repo rate 5.25% (no change), vote 6-0 |
| 4th | October 5, 6 and 7, 2026 | Held. Repo rate raised 25 bps to 5.50%, vote 6-0; stance changed to calibrated tightening, two members for neutral |
| 5th | December 2, 3 and 4, 2026 | Upcoming |
| 6th | February 3, 4 and 5, 2027 | Upcoming |
Questions
When is the next RBI MPC meeting?
December 2, 3 and 4, 2026, as set in the RBI’s schedule and confirmed in the MPC resolution of 7 October 2026. The decision is announced on the last day of the meeting.
How many MPC meetings are there in a year?
Six scheduled meetings each financial year, as listed above.
What did the last MPC meeting decide?
At the meeting held from 5 to 7 October 2026 the committee raised the repo rate by 25 basis points to 5.50% by a 6-0 vote. The SDF rate moved to 5.25% and the MSF rate and Bank Rate to 5.75%. The stance changed from neutral to calibrated tightening, with two members preferring to keep it neutral. See the repo rate history.
When were the minutes of the October 2026 meeting published?
The RBI said in the resolution that the minutes would be published on 21 October 2026.
Sources: Reserve Bank of India, Meeting Schedule of the Monetary Policy Committee for 2026-2027 (press release of 23 March 2026) and the MPC resolutions of 2026, including the Resolution of the Monetary Policy Committee of October 5 to 7, 2026 (press release of 7 October 2026), published on rbi.org.in. Last checked: 7 November 2026.