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RBI MPC Meeting April 2025 Live Updates: The Reserve Bank of India’s Monetary Policy Committee may announce its decision today, Wednesday, at 10 am, with a likely cut in repo rates expected. This is the first RBI MPC meeting of financial year 2025-26, and a 25 basis point cut in the policy repo rate is expected. This comes hours before US President Donald Trump’s reciprocal tariffs come into force, including a 104 per cent levy on China, keeping global markets on edge. Alongside the MPC statement, the RBI will also release its Monetary Policy Report (MPR), offering an insight into its strategy and outlook for this financial year.
Latest inflation reading: India’s retail inflation was recorded a 7-month low at 3.61 per cent in February 2025, which is below RBI’s 4 per cent target. However, the central bank’s rate-setting body can’t sit at ease after US President Donald Trump announced sweeping tariffs. Trump has announced a 26 per cent reciprocal tariff rate on India, effective April 9, which can fuel inflationary pressures going ahead. Economists have also warned of likely recessionary effects at play due to the tariffs, which can hike costs and tamp down demand.
RBI’s second rate cut for the year expected: In February, the MPC cut the repo rate by 25 basis points to 6.25 per cent. It was the first reduction since May 2020 and the first revision after two-and-a-half years. Experts are of the view that the RBI will again reduce the rate by 25 bps on Wednesday against the backdrop of moderating inflation and the need to stimulate growth as Trump tariffs pose severe challenges to the global economy. The market will also be keen to hear RBI Governor Sanjay Malhotra’s commentary on the evolving global situation.
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