RBI Monetary Policy, Feb. 7 -- In line with market expectations, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) cut the repo rate by 25 basis points (bps) to 6.25 per cent, marking the first rate reduction in nearly five years. The monetary stance remains "neutral." Consequently, the Standing Deposit Facility (SDF) rate is set at 6 per cent, while the Marginal Standing Facility (MSF) rate and the Bank Rate are at 6.50 per cent.

"The MPC decided unanimously to reduce the policy repo rate by 25 basis points from 6.50 per cent to 6.25 per cent. The MPC also decided unanimously to continue with the neutral stance and remain unambiguously focused on a durable alignment of inflation with the target while supporting growth," ...