The monetary policy committee on Friday cut the policy interest rate by 25 basis points to 6.25% to support growth. At a post-policy press conference, new RBI governor Sanjay Malhotra spoke on a range of issues,

The Reserve Bank of India's Monetary Policy Committee is anticipated to announce a 25 basis point repo rate cut after their meeting on February 7, 2025, aiming to boost GDP growth. This follows the Union Budget 2025 that focused on stimulating the economy through income tax slab changes.

The Reserve Bank of India reduced the repo rate by 25 basis points, lowering it to 6.25%, under the leadership of new Governor Sanjay Malhotra. The decision was influenced by a resilient Indian economy amidst global uncertainties and marked the first reduction since May 2020.