The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has lowered the repo rate by 25 basis points to 6.25%, marking the first rate cut in five years. Previously held steady at 6.5% for two years, this reduction follows the government's recent personal income tax cuts aimed at boosting consumption. RBI Governor addresses the media following the policy announcement—tune in for insights.
first published: Feb 7, 2025 12:03 pm
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