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RBI Releases April 2026 Bulletin With Policy Updates

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Summary

The Reserve Bank of India released its April 2026 monthly Bulletin on April 23, 2026. The Bulletin contains the bi-monthly monetary policy statement from April 8, 2026, two speeches, an article on the State of the Economy, and current statistics. Key updates include a revision to Consumer Price Index Table 19 in line with the new CPI base year (2024=100) and the addition of core inflation data (CPI excluding food and fuel). The State of the Economy article notes that conflict in West Asia intensified global supply chain pressures in March, with some easing in April; domestic economic activity showed resilience; CPI inflation edged up in March driven by fuel and food; money market and bond yields moderated after the temporary ceasefire; and trade deficit narrowed to a nine-month low as imports slowed and exports expanded.

“The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April.”

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The Reserve Bank of India is India's central bank. Its press release page is the official channel for monetary policy decisions, banking supervision actions, financial stability reports, FDI data, and the daily money market operations log. GovPing tracks every release as it appears, around 200 a month. Watch this if you cover Indian banking, manage exposure to the rupee, advise on Indian financial regulation, or run payments or fintech in South Asia. Recent examples: an RBI MPC decision holding the repo rate at 5.25% with GDP and inflation projections, financial data on 3,100 FDI companies in India 2024-25, the daily money market operations log.

What changed

The RBI released its April 2026 monthly Bulletin, a routine institutional publication. The most substantive content update is a revision to Table 19 on the Consumer Price Index, now aligned with the new CPI base year of 2024=100 and including a measure of core inflation (CPI excluding food and fuel). The accompanying State of the Economy article provides an economic snapshot covering global supply chain pressures from the West Asia conflict, domestic economic resilience, inflation trends, money market conditions, and foreign investment flows.

This is an informational release from India's central bank and does not create new compliance obligations, enforcement actions, or binding regulatory requirements for any class of regulated entities. Financial institutions, investors, and market participants may use the economic indicators and statistical updates contained in the Bulletin for analytical and forecasting purposes, but no action is mandated by this publication.

Archived snapshot

Apr 24, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

Press Releases

| () | |
| Date : Apr 23, 2026 | |
| RBI Bulletin – April 2026 | |
| | Today, the Reserve Bank released the April 2026 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (April 8, 2026), two speeches, one article and current statistics. In current statistics, Table 19 on Consumer Price Index is revised in line with the new CPI (base 2024=100) and now includes data on a measure of core inflation (i.e. CPI excluding food and fuel).

The article is on the State of the Economy.

State of the Economy

The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April. Domestic economic activity displayed resilience in many segments with slowdown in a few others. CPI inflation, driven by fuel and food, marginally edged up in March. The money market and bond yields moderated after the temporary ceasefire in West Asia. A slowdown in imports and expansion in exports narrowed trade deficit to a nine-month low. Foreign portfolio investment (FPI) flows remained volatile, although net foreign direct investment (FDI) turned positive in February.

The views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/128 | | Today, the Reserve Bank released the April 2026 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (April 8, 2026), two speeches, one article and current statistics. In current statistics, Table 19 on Consumer Price Index is revised in line with the new CPI (base 2024=100) and now includes data on a measure of core inflation (i.e. CPI excluding food and fuel).

The article is on the State of the Economy.

State of the Economy

The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April. Domestic economic activity displayed resilience in many segments with slowdown in a few others. CPI inflation, driven by fuel and food, marginally edged up in March. The money market and bond yields moderated after the temporary ceasefire in West Asia. A slowdown in imports and expansion in exports narrowed trade deficit to a nine-month low. Foreign portfolio investment (FPI) flows remained volatile, although net foreign direct investment (FDI) turned positive in February.

The views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/128 |
| Today, the Reserve Bank released the April 2026 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (April 8, 2026), two speeches, one article and current statistics. In current statistics, Table 19 on Consumer Price Index is revised in line with the new CPI (base 2024=100) and now includes data on a measure of core inflation (i.e. CPI excluding food and fuel).

The article is on the State of the Economy.

State of the Economy

The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April. Domestic economic activity displayed resilience in many segments with slowdown in a few others. CPI inflation, driven by fuel and food, marginally edged up in March. The money market and bond yields moderated after the temporary ceasefire in West Asia. A slowdown in imports and expansion in exports narrowed trade deficit to a nine-month low. Foreign portfolio investment (FPI) flows remained volatile, although net foreign direct investment (FDI) turned positive in February.

The views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/128 | |

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Last updated

Classification

Agency
RBI
Published
April 23rd, 2026
Instrument
Notice
Branch
Independent
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Banks Financial advisers Investors
Industry sector
5221 Commercial Banking
Activity scope
Monetary policy reporting Economic statistics publication
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Financial Services Securities

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