# India RBI repo rate unchanged, growth outlook 6.7%

> Live situation record from CLSTR: https://clstr.news/situations/india-rbi-repo-rate-unchanged
> Updated: 2026-08-04T14:15:39.000Z. Sources: 53. Developments: 2.

On 5 August 2026 the Reserve Bank of India’s Monetary Policy Committee left the policy repo rate at 5.25 percent, with the Standing Deposit Facility at 5.0 percent and the Marginal Standing Facility at 5.5 percent, maintaining a neutral stance. Governor Sanjay Malhotra highlighted strong private consumption, robust manufacturing and services activity, and resilient export performance as the basis for raising the FY27 real‑GDP growth forecast to 6.7 percent (up from 6.6 percent). Inflation expectations were trimmed to a 5 percent CPI projection for the year, with June retail‑inflation at 4.38 percent, still within the 2‑6 percent tolerance band. The decision matched market expectations, keeping home‑loan and auto‑loan EMIs unchanged and bolstering capital inflows and rupee stability amid global uncertainties.

## Claims

- The RBI retained a neutral policy stance. (corroborated by 25 sources)
- The RBI kept the repo rate unchanged at 5.25% on August 5, 2026. (corroborated by 20 sources)
- The RBI kept the policy repo rate unchanged at 5.25% on August 5 2026. (corroborated by 19 sources)
- The RBI raised its FY27 real GDP growth forecast to 6.7% from 6.6%. (corroborated by 19 sources)
- The RBI cited ongoing West‑Asia geopolitical tensions as a risk to the Indian economy. (corroborated by 19 sources)
- The Standing Deposit Facility rate remained at 5.0% and the Marginal Standing Facility rate at 5.5%. (corroborated by 18 sources)
- The RBI projected GDP growth for FY 27 at roughly 6.7 percent. (corroborated by 17 sources)
- Foreign exchange reserves stood at about USD 682 billion in late July 2026. (corroborated by 14 sources)
- The RBI projected CPI inflation for FY 27 at 5.0 percent. (corroborated by 14 sources)
- Retail inflation in June 2026 rose to 4.38 percent, still within the RBI’s 2‑6 percent tolerance band. (corroborated by 14 sources)
- Inflation is expected to peak in Q3 FY 27 at about 5.9 percent. (corroborated by 12 sources)

## Timeline

### 2026-08-04: RBI keeps repo rate at 5.25% and lifts FY27 GDP growth forecast to 6.7%

The RBI kept the repo rate at 5.25% and a neutral stance, raised FY27 GDP growth to 6.7%, and lowered CPI inflation outlook to 5% amid global uncertainties.

52 sources. https://clstr.news/cluster/rbi-governor-sanjay-malhotra-to-announce-repo-rate-decision-at-august-2026-mpc-meeting

### 2026-08-02: RBI expected to keep repo rate unchanged as inflation concerns persist

The RBI’s August 2026 MPC meeting is expected to keep the repo rate at 5.25% amid inflation around 5% and strong GDP growth, leaving home and auto loan EMIs unchanged.

3 sources. https://clstr.news/cluster/rbi-expected-to-keep-repo-rate-unchanged-as-inflation-concerns-persist

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Cite as: India RBI repo rate unchanged, growth outlook 6.7%. CLSTR, https://clstr.news/situations/india-rbi-repo-rate-unchanged