The Reserve Bank of India cut the repo rate by 25 basis points, the first reduction in nearly five years. While the rate cut aims to boost economic growth, the RBI maintains a neutral policy stance due to global uncertainties and inflation risks,

In a landmark decision, the RBI, the central bank of India, announced a rate cut after nearly five years. The RBI Governor, Sanjay Malhotra, made this announcement after conducting his first-ever MPC meeting as the new RBI Governor.

The latest decision brings the repo rate from 6.50 per cent to 6.25 per cent. Sanjay Malhotra, the newly appointed RBI Governor, chaired his first Monetary Policy Committee (MPC)