भारतीय रिजर्व बैंक की मौद्रिक नीति समीक्षा: अप्रैल 2026
आरबीआई की मौद्रिक नीति समिति (MPC) ने वित्त वर्ष 2026-27 की पहली बैठक में रेपो रेट को 6.5% पर स्थिर रखने का निर्णय लिया है।
2-Minute Summary (TL;DR)
- RBI's MPC kept the repo rate unchanged at 6.5% for the 8th consecutive time in April 2026.
- The SDF rate remains at 6.25%, and MSF rate at 6.75%.
- RBI projects India's real GDP growth at 7.0% for FY 2026-27.
- Inflation (CPI) projection for FY 2026-27 is retained at 4.5%.
- The MPC unanimously decided to continue with the 'withdrawal of accommodation' stance.
- Stable repo rate implies steady EMIs for home and auto loans.
- The policy aims to balance inflation control with supporting economic growth.
- Next MPC meeting is scheduled from June 3 to June 5, 2026.
How This Topic is Tested in Competitive Exams
| Exam | Frequency | Approx. Marks | What Gets Asked |
|---|---|---|---|
| Banking (IBPS / SBI) | Very High | 6–10 | RBI policy, inflation, CRR/SLR, monetary committee decisions — banking exams test the full spectrum. |
| SSC (CGL / CHSL / MTS) | Medium | 2–4 | Budget highlights, GDP data, and government economic schemes appear in SSC CGL GK section. |
| UPSC / State PCS | High | 10–20 | Economy is a core UPSC subject. Economic Survey, budget, and policy changes are heavily tested. |
Key Facts to Remember: भारतीय रिजर्व बैंक की मौद्रिक नीति समीक्षा: अप्रैल 2026
- RBI's MPC kept the repo rate unchanged at 6.5% for the 8th consecutive time in April 2026.
- The SDF rate remains at 6.25%, and MSF rate at 6.75%.
- RBI projects India's real GDP growth at 7.0% for FY 2026-27.
- Inflation (CPI) projection for FY 2026-27 is retained at 4.5%.
- The MPC unanimously decided to continue with the 'withdrawal of accommodation' stance.
- Stable repo rate implies steady EMIs for home and auto loans.
- The policy aims to balance inflation control with supporting economic growth.
- Next MPC meeting is scheduled from June 3 to June 5, 2026.
Practice Questions
Q1. What was the decision of the RBI's Monetary Policy Committee (MPC) regarding the repo rate in its April 2026 meeting?
- Increased to 6.75%
- Decreased to 6.25%
- Kept unchanged at 6.5%
- Increased to 7.0%
Explanation: The MPC decided to maintain the policy repo rate at 6.5% for the eighth consecutive meeting. This decision was unanimous among the committee members.
Q2. What is the RBI's projected real GDP growth rate for the fiscal year 2026-27?
- 6.5%
- 7.0%
- 7.5%
- 6.0%
Explanation: The Reserve Bank of India has projected a real GDP growth of 7.0% for the fiscal year 2026-27, indicating a positive outlook for the Indian economy.
Q3. What is the current Standing Deposit Facility (SDF) rate as decided by the MPC in April 2026?
- 6.5%
- 6.75%
- 6.0%
- 6.25%
Explanation: The Standing Deposit Facility (SDF) rate has been kept unchanged at 6.25%. This rate is part of the tools used by the RBI to manage liquidity in the banking system.
Q4. The MPC's decision to keep the repo rate unchanged is primarily aimed at:
- Aggressively stimulating economic growth
- Solely focusing on reducing inflation below 3%
- Balancing inflation control with supporting economic growth
- Increasing the flow of credit to small businesses
Explanation: The stable repo rate reflects the MPC's strategy to manage both inflationary pressures and the need to support sustainable economic growth, striking a balance between these two objectives.
Q5. Which of the following terms best describes the RBI's current monetary policy stance, as indicated by the MPC's decision?
- Accommodative
- Neutral
- Withdrawal of accommodation
- Contractionary
Explanation: The MPC decided to continue with the policy of 'withdrawal of accommodation'. This stance indicates a gradual shift towards tighter monetary conditions to ensure inflation aligns with the target, while still supporting growth.
How to Prepare Economy & Finance for Government Exams — भारतीय रिजर्व बैंक की मौद्रिक नीति समीक्षा: अप्रै…
Track current Repo Rate, Inflation rate, and GDP growth. These three numbers appear in almost every banking exam.
Keep a running note of new schemes with their ministry, launch date, and target beneficiary group.
Focus on the Economic Survey and Union Budget highlights — these single documents generate dozens of exam questions.
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