RBI policy dates 2026: next decision 4 December 2026
Current policy repo rate: 5.50%. On 7 October 2026, the RBI raised the repo rate by 25 basis points, from 5.25% to 5.50%, and changed its stance to calibrated tightening. The next scheduled decision is on 4 December 2026; the following decision is scheduled for 5 February 2027. See what a hold, hike or cut on 4 December would do to a typical loan: RBI policy decision 4 December 2026.
| Announcement | |
|---|---|
| 8 April 2026 | Completed (meeting 6–8 April): repo rate held at 5.25%. |
| 5 June 2026 | Completed (meeting 3–5 June): repo rate held at 5.25%. |
| 5 August 2026 | Completed (meeting 3–5 August): repo rate held at 5.25%. |
| 7 October 2026 | Completed: repo rate raised by 25 bps to 5.50%; stance changed to calibrated tightening. |
| 4 December 2026 | Next scheduled decision: announcement expected on the final day of the MPC meeting (2–4 December). |
| 5 February 2027 | Decision announced after a three-day meeting (3–5 February). |
Dates from the RBI's published MPC schedule. The RBI can hold unscheduled meetings.
When a decision reaches your loan
Not on the day it is announced. An EBLR home loan is re-priced at its own reset date, which falls on a cycle set when the loan was disbursed — at least once every three months. A change announced on 7 October 2026 reaches one borrower in October and another in January.
Most banks keep the EMI the same and change the number of months left instead. That is why a rate rise often shows up as a longer loan rather than a bigger instalment.