The Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the central bank’s policy rate will remain unchanged at 5.5%. The decision was announced on Friday (February 6, 2026), following the RBI monetary policy committee (MPC) meeting, where the unchanged rate was decided unanimously.

Mr. Malhotra said that the MPC maintained a neutral stance, arriving at the decision after a detailed assessment of evolving macroeconomic conditions and the overall economic outlook.

The RBI Governor said that external headwinds have intensified since the last policy meeting. At the same time, he noted that the successful completion of recent trade deals augurs well for the economic outlook.

Mr. Malhotra said that “domestic inflation and growth outlook remain positive” and added that the “Indian economy remains resilient.”

“Real GDP growth for the next two quarters have been revised upwards,” he said.

He also added that CPI inflation for 2025-26 is projected at 2.1%

In its last meeting on December 5, 2025, the MPC had voted unanimously to reduce the policy repo rate by 25 basis points (bps) to 5.25%