Mumbai, April 24 -- A reduction in the repo rate by 25 basis points will bolster private consumption and support a revival in private corporate investment activity, Reserve Bank of India Governor Sanjay Malhotra noted in latest monetary policy meeting. According to the minutes of the meeting, he opined that going forward considering the evolving growth-inflation trajectories, monetary policy needs to be accommodative.

Malhotra stated that the global economic landscape remains in a state of flux amidst heightened trade and policy uncertainties, with attendant implications for economies across the world, posing complex challenges and trade-offs in policy making. The channels through which these global shocks could impact economies, particu...