New Delhi, April 9 -- RBI's Monetary Policy Committee's decision to cut repo rate by 25 bps from 6.25 per cent to 6 per cent is welcomed by market experts.

Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund, said, "The RBI MPC managed to meet the market's hefty expectations, by announcing a 25bps repo rate cut along with a change of stance to accommodative. Importantly, the MPC now believes that the headline CPI is aligned on a durable basis to the 4% target, thereby allowing them to focus unequivocally on growth."

He added, "The RBI Governor has clearly indicated the softening path of policy rates going forward as well, which we expect to move at least towards 5.5% over the course of CY2025, along with continuation of liquidity in...