RBI Monetary Policy Current Affairs for UPSC
A complete UPSC revision trail for RBI Monetary Policy: 3 published analyses, their syllabus connections and closely related themes.
Where this topic fits in the UPSC syllabus
Complete coverage and analysis
Newest first. Open each article for concepts, evidence, Mains questions and related reading.
India’s Q1 FY27 GDP Growth at 7.8%: What Drove It and What Risks Remain
India’s economy expanded by 7.8% year-on-year in the April–June quarter of FY 2026-27, exceeding the Reserve Bank of India’s Q1 forecast of 7.0%. The latest National Statistical Office estimates show that strong manufacturing, services, investment and private consumption helped sustain growth despite disruptions linked to the West Asia conflict, higher energy costs and global uncertainty.
RBI Monetary Policy June 2026 Explained: Why the MPC May Hold the Repo Rate at 5.25% Despite the West Asia Oil Shock and Rising Inflation Risks
The Reserve Bank of India's Monetary Policy Committee (MPC) meets from 3 to 5 June 2026, with most economists expecting the repo rate to be held at 5.25% for a third straight time even as the West Asia conflict, rising crude oil prices, a weak rupee and foreign capital outflows push up inflation risks. This article explains the RBI's monetary policy framework, the repo rate, flexible inflation targeting, the MPC, the growth-versus-inflation trade-off, and how a global oil shock transmits to India's economy — everything an aspirant needs for Prelims and Mains.
RBI Annual Report 2025-26 Explained: 6.9% GDP Growth, ₹2.86 Lakh Crore Surplus, West Asia Risks & Bank Fraud Surge
The Reserve Bank of India released its Annual Report for 2025-26 on 29 May 2026, projecting India's real GDP growth at 6.9% for FY27 while flagging the West Asia conflict, elevated crude prices and supply disruptions as near-term headwinds to growth and inflation. The report also announced a record ₹2.86 lakh crore surplus transfer to the Centre, a 20.6% jump in the RBI balance sheet, a sharp rise in bank fraud amounts to ₹48,021 crore, and proposed new digital-payment safeguards including a "kill switch." This article explains the RBI Annual Report's statutory basis, the Economic Capital Framework and surplus transfer mechanism, monetary policy and inflation targeting, forex reserve management, bank-fraud classification, and digital-payment security — everything an aspirant needs for Prelims and Mains.
Use this as a revision trail
- Start with the newest analysis to understand the present trigger.
- Read older coverage to track how the issue, policy and arguments evolved.
- Open the syllabus links above and turn recurring evidence into Mains notes.