RBI MPC meeting December 2025 HIGHLIGHTS: Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the outcome
of the Monetary Policy Committee's (MPC's) December meeting today
RBI MPC Meeting LIVE: Reserve Bank of India (RBI) Governor Sanjay Malhotra begins addressing press conference. (Photo:
RBI Governor Sanjay Malhotra is addressing the post-monetary policy press conference, explaining the rationale behind
the repo rate cut and the central bank’s updated economic outlook. He said inflation has been benign and is expected to
remain so, with the RBI allowing price levels to transmit into the real economy before drawing conclusions. On the
rupee, Malhotra reiterated that the RBI does not target any specific level or band, allowing the currency to find its
fair value while ensuring orderly movement. Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the
outcome of the Monetary Policy Committee’s (MPC’s) December meeting today. The meeting, which began on December 3, ran
for two days. Malhotra’s address will be streamed live at 10 am on the RBI’s YouTube channel, its X account, and the
central bank’s official website.
The MPC comprises six members, three from the RBI and three appointed by the government, with Malhotra serving as the ex
Economists expect the committee to maintain the status quo in its December policy review. A Business Standard poll
showed most economists anticipate no change in the repo rate, citing strong gross domestic product (GDP) growth. Seven
of the twelve respondents said no rate cut would be announced on Friday.
The committee kept the repo rate unchanged in its previous two meetings, after a 50-basis point cut in June. Economists
said resilient growth and very low inflation made the December review a close call between another cut and a pause.
In its October meeting, the MPC unanimously retained the policy repo rate at 5.5 per cent and maintained a neutral
stance, shifted from ‘accommodative’ in June. It also revised its FY26 growth forecast upward to 6.8 per cent and
lowered the inflation projection to 2.6 per cent.
RBI MPC meeting LIVE: Rate cut to boost affordable and mid-income housing demand
Shishir Baijal, international partner and MD of India Knight Frank, said, “The reduction in borrowing costs should
provide timely relief to the real estate sector. Lower home loan rates can help sustain end-user demand and improve
developers’ cost structures. This move is expected to support sales in the affordable and mid-income housing segments,
which have seen a sequential decline over recent quarters.”
RBI MPC meeting LIVE updates: Real estate likely to benefit from RBI rate cut
Pradeep Aggarwal, founder and chairperson of Signature Global (India), said the recent rate cut is expected to boost
market sentiment, improve purchasing power, and sustain housing demand across key segments, reinforcing real estate as a
preferred long-term investment.
RBI Governor assures ample liquidity to support lower interest rates
RBI Governor Sanjay Malhotra said the central bank is focused on providing confidence to the banking system by ensuring
ample liquidity. “I am not targeting a specific level like 1 per cent; the aim is to reassure banks and the broader
financial system that sufficient liquidity will be available, especially as interest rates trend lower,” he added.
RBI MPC meeting LIVE updates: Post-monetary policy press conference concludes
RBI MPC meeting LIVE: US tariffs have minimal impact, says Guv Malhotra
Governor Sanjay Malhotra said the impact of US tariffs on the economy has been limited, noting that India remains
largely domestic-demand driven. While a few sectors have been affected, both the RBI and the government have rolled out
relief measures. He added that exporters are using this period to boost productivity and diversify, positioning the
economy to emerge stronger.
RBI MPC meeting LIVE updates: RBI aims to limit excessive market volatility, says Guv Malhotra
Governor Sanjay Malhotra said market fluctuations are natural, and the RBI’s constant effort is to curb any abnormal or
excessive volatility. “That is what we will continue to endeavour,” he added.
GDP growth likely to moderate as base effects fade, says Deputy Governor Poonam Gupta
Deputy Governor Poonam Gupta said GDP growth is expected to ease in the coming quarters as base effects normalise. She
added that the outlook points to “low policy repo rates rather than high rates” going forward.
RBI MPC meeting LIVE updates: RBI has factored in rupee at current levels in inflation estimates, says Guv
RBI Governor Sanjay Malhotra said at the press conference that the central bank has factored the rupee’s current levels
into its inflation projections.
RBI MPC Meeting LIVE: Focus shifts to rate-cut transmission
RBI Governor Sanjay Malhotra said inflation remains “very benign” once volatile food and precious metal prices are
excluded, with underlying inflation around 3–3.5 per cent. He cautioned against speculating on further rate cuts,
emphasising that the priority now is ensuring effective transmission of the latest 25-basis-point repo rate cut.
Malhotra added that the RBI will first allow the impact of lower rates to flow through the real economy before assessing
how growth–inflation dynamics evolve in the coming months.
8% growth ‘within reach’, economy must aspire for higher growth, says RBI Guv Malhotra
RBI Governor Sanjay Malhotra said the economy should “certainly aspire” for higher growth, noting that achieving around
8 per cent is “well within reach” given recent performance. At the post-policy press conference, he added that potential
GDP is difficult to estimate, but the past three–four years of average 8 per cent growth offer a strong baseline for
RBI MPC meeting LIVE updates: Governor Sanjay Malhotra address press conference
RBI MPC meeting LIVE updates: RBI lets rupee find its market-determined level
“We do not target any specific rupee level. The currency is allowed to find its natural value, with the RBI intervening
only to ensure orderly movement,” RBI Governor Sanjay Malhotra said.
RBI MPC meeting LIVE updates: RBI signals softer GDP momentum ahead
Governor Sanjay Malhotra said GDP growth is likely to moderate as high-frequency indicators suggest softer momentum
ahead. “Based on the indicators we track, the 8% growth seen in the first half is unlikely to sustain at the same pace,”
RBI MPC meeting LIVE updates: Current Account Deficit unlikely to hit 2%, says RBI Guv
RBI Governor Sanjay Malhotra said , “Do not expect CAD to be as high as 2 per cent.” Highlighting past performance,
Malhotra said that with an average growth of 8 per cent over the last 3–4 years, achieving 8 per cent growth remains
RBI MPC meeting LIVE updates: India’s external sector dependence remains low, says Guv Malhotra
RBI Governor Sanjay Malhotra said India’s reliance on the external sector is minimal, representing only a small
percentage of GDP, highlighting the economy’s resilience to global shocks.
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First Published: Dec 05 2025 | 6:46 AM IST