BREAKING: RBI cuts repo rate by 25 basis points to 6.25%
T he Reserve Bank of India (RBI) on Friday announced a 25 basis points (bps) cut in the policy repo rate, with the Monetary Policy Committee (MPC) voting unanimously in favour of the decision. The MPC also decided to maintain a ‘neutral’ stance while reiterating its commitment to bringing inflation within the target range on a durable basis.