The Reserve Bank of India (RBI) board led by Governor Sanjay Malhotra has revised the repo rate for the first time in two years. It voted unanimously to cut the repo rate by 25 basis points from 6.50 per cent to 6.25 per cent in view of easing retail inflation and slowing growth.
The MPC decided unanimously to reduce the policy repo rate to 6.25 per cent at its meeting, which is the committee’s last one for FY25.
The RBI MPC meeting was expected to cut the repo rate by 25 basis-points , which it has done.
RBI MPC Expectations Live by businessline
RBI had last cut the repo rate by 40 basis points to 4 per cent in May 2020.
RBI MPC Meeting may cut rates: Date, time, expectations and more
The decision will be announced on Friday, February 7.
Ashima Goyal writes in businessline on RBI MPC: Policy rate: To cut or not to cut
Who is RBI Governor Sanjay Malhotra?
Click here to read more about the new RBI Governor Sanjay Malhotra who is chairing his first MPC meeting