RBI MPC Keeps Policy Repo Rate Unchanged at 5.25% with Neutral Stance
India's real GDP growth forecast for the financial year 2026-27 has been upgraded to 6.7% from 6.6%.
Consumer Price Index inflation projection for FY 2026-27 was lowered by 10 basis points to 5.0%.
The committee unanimously agreed to retain a 'neutral' policy stance to ensure durable price stability while supporting domestic economic activity.
Perspective: Upward revision in economic growth alongside controlled inflation outlook reflects stable macroeconomic fundamentals and monetary policy efficiency.
Key Facts / Static GK
Cash Reserve Ratio (CRR): 3.00%
Statutory Liquidity Ratio (SLR): 18.00%
Standing Deposit Facility Rate (SDF): 5.00%
Marginal Standing Facility Rate (MSF): 5.50%
Q Practice Quiz — 5 August 2026
1. Which of the following statements regarding the RBI's updated Bulk Deposit Interest Rate Directions 2026 is/are correct?
Explanation: Statement I: The framework allows differential rates on bulk deposits based on LCR run-off rates from October 1, 2026. Statement II: Commercial banks and SFBs share a bulk deposit threshold of ₹3 crore, while RRBs have a threshold of ₹1 crore.
2. Under the revised CGSMFI 2.0 guidelines, what is the mandatory minimum combined allocation percentage of guarantee cover reserved for small and medium MFIs?
Explanation: Banks must now allocate at least 15% of the total guarantee cover under CGSMFI 2.0 to small and medium-sized MFIs, replacing the previous segregated structure of 5% and 10%.
3. Which agency constructed the new Income Tax Department office complex 'Aayakar Sindhu' inaugurated in Mumbai?
Explanation: The 'Aayakar Sindhu' office complex in Nariman Point, Mumbai, was constructed by the Central Public Works Department (CPWD).
4. Which Non-Banking Financial Company (NBFC) has partnered with Flipkart as the principal lending partner for 'Flipkart Pay Later'?
Explanation: PayU Finance, the NBFC arm of PayU, serves as the primary licensed lender for the Flipkart Pay Later digital credit solution.
5. Which founding document led to the formal establishment of the Arctic Council in 1996?
Explanation: The Arctic Council was officially established in 1996 through the adoption of the Ottawa Declaration.
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