Business news · Policy & Regulation · 05 Aug 2026
IN Financial Services Realty Automobile and Auto Components
The Monetary Policy Committee voted unanimously to keep the repo rate at 5.25%, with the SDF at 5.00% and the MSF and bank rate at 5.50%, and retained a neutral stance. It projected FY27 real GDP growth at 6.7% (Q1 7.0%, Q2 6.4%, Q3 6.5%, Q4 6.8%) and CPI inflation at 5.0% (Q2 4.7%, Q3 5.9%, Q4 5.5%). The statement flagged a deficient and uneven monsoon amid El Nino as a risk to agriculture and noted sharp two-way swings in oil prices driven by geopolitics. The next meeting is on October 5-7.
Versus June, the RBI lifted its growth forecast from 6.6% and trimmed inflation from 5.1%, but a projected 5.9% peak in October-December leaves the MPC little room to ease, so the policy rate that anchors bank lending and deposit pricing stays where it is. That keeps funding costs steady for banks, NBFCs and housing finance companies and offers no fresh support to rate-sensitive real estate and auto demand. The monsoon and oil risks it flagged bear most on rural-facing FMCG and farm-input companies.
Reported by Reserve Bank of India — “Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026” ↗ on 05 Aug 2026.
NSE stocks, from the last close on or before 05 Aug 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | -7.6% | 34 of 125 | +0.5 pts |
| Realty | 17 | -9.1% | 3 of 17 | -1.0 pts |
| Automobile and Auto Components | 52 | -9.6% | 9 of 52 | -1.6 pts |
| All tracked stocks | 804 | -8.1% | 223 of 804 | — |
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