RBI Policy

Among sectoral indices, Nifty Realty led the rally with gains of nearly 2%. The Nifty Financial Services index advanced 1.3%, while Nifty Bank climbed 1% and Nifty Auto added 0.8%.

RBI MPC Meeting 2026 Highlights: RBI lowered its growth projections for FY27 to 6.6% from 6.9% earlier. The central bank also raised India’s CPI inflation projections for FY27 to 5.1% from 4.6% earlier.

According to wealth management firm DSP Mutual Fund, the central bank is unlikely to announce a rate hike, instead, the bank is likely to follow a step-by-step sequence before pulling the trigger on rates to defend the currency.

RBI also laid ground rules for how these seized assets must be handled, including how long the lenders can keep them, and who is banned from buying them back.

MPC holds repo rate at 5.25% and retains the neutral stance. RBI pegs FY26 growth higher at 7.6%, but with downside risks; says inflation is contained.

RBI Governor Sanjay Malhotra announced measures to deepen the term money market, allowing non-bank participants to access it and increasing borrowing limits for primary dealers to enhance liquidity and market efficiency.

RBI MPC outcome: The Reserve Bank of India (RBI) on Wednesday, April 8, pegged the growth outlook for the new financial year at 6.9% while inflation is seen at 4.6%.

The rupee strengthened by 36 paise to 92.64 per dollar, aided by falling oil prices and a ceasefire in the Middle East. Analysts predict stability for the rupee, with the Reserve Bank of India expected to maintain interest rates amid rising inflation concerns.

RBI MPC Meeting 2026 Highlights: RBI’s Monetary Policy Committee (MPC) kept repo rates unchanged at 5.25%, and maintain policy stance at ‘Neutral’. RBI projected FY27 GDP growth at 6.9%, while CPI inflation for FY27 has been estimated at 4.6%.

As the RBI's Monetary Policy Committee meets on April 8, discussions of a potential surprise rate hike arise due to currency pressures and rising crude oil prices. However, most economists expect the RBI to maintain rates, focusing on managing volatility and inflation.