February 7, 2025 10:57 AM
RBI cuts repo rate by 25 bps to 6.25% in first policy review
Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps), from 6.50% to 6.25%. Malhotra addressed the challenges posed by the g...