February 7, 2025 10:54 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 global economic landscape, highlighting that while high-frequency indicators suggest resilience and growth in trade, overall global growth remains below historical averages. He said, "Progress on global disinflation is stalling, hindered by services p...