Repo rate 5.50% par unchanged, stance Neutral

Context: RBI ne 6 Aug 2025 ko policy repo rate 5.50% par hi rakha. Standing Deposit Facility (SDF) 5.25% aur MSF/Bank Rate 5.75% par; policy stance Neutral. FY26 real GDP growth outlook 6.5% rakha gaya.

Key Numbers (Quick)

• Repo Rate: 5.50% (unchanged)
• SDF: 5.25%  |  MSF/Bank Rate: 5.75%
• Policy Stance: Neutral
• FY26 GDP growth forecast: 6.5%

What it means (simple)

• Borrowers (floating loans): Repo-linked loans turant change nahin dikhayenge kyunki repo same hai. Agar aapka loan MCLR se linked hai aur bank ne MCLR kum kiya, to EMI halki ghategi.
• Savers (FD/RD): Deposit rates mostly stable reh sakte hain; exact change bank-to-bank hota hai.

EMI example (sirf samajhne ke liye)

₹10,00,000 loan, 20 saal tenure par agar dar 0.10% (10 bps) ghatta hai, to EMI ~₹60–₹70 per month kam hoti hai. Agar 0.25% (25 bps) ghatta hai, to EMI ~₹160 per month kam hoti hai. (Actual impact aapke bank rate & baki tenure par depend karega.)

Definitions (exam-ready)

• Repo Rate: RBI jis dar par banks ko short-term funds deti hai.
• SDF: RBI me banks ki excess liquidity rakhne par milne wali dar (corridor ka floor).
• MSF/Bank Rate: Overnight borrowing ki upar wali limit (corridor ka ceiling).
• Neutral stance: Data ke hisaab se aage chalkar hike/cut dono possibilities khuli rakhi jaati hain.

MCQ (Practice)

1. Aug 2025 MPC me repo rate kitna raha? — 5.50%
2. SDF rate kya hai? — 5.25%
3. MSF/Bank Rate kitna hai? — 5.75%
4. Policy stance kya hai? — Neutral
5. FY26 GDP growth forecast? — 6.5%

One-liner (revision)

“Aug 2025: Repo 5.50%, SDF 5.25%, MSF 5.75%, stance Neutral; FY26 GDP 6.5%.”