RBI cuts repo rate by 25 bps to 6.25% in first policy review under Governor Sanjay Malhotra

Mumbai (Maharashtra) [India], February 7 (ANI): In his first Monetary Policy announcement on Friday, Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps) from 6.5 per cent to 6.25 per cent.

Malhotra highlighted the challenges posed by the global economic landscape, noting that while high-frequency ind