New Delhi, Feb. 7 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on February 7 announced that the Monetary Policy Committe (MPC) has unanimously decided to cut repo rate by 25 bps to 6.25 per cent from 6.50 per cent. Notably, in his first MPC as RBi Governor, Malhotra has delivered the first RBI rate cut in five years.

The RBI Governor further said that the policy stance by the MPC is maintained as "neutral".

The meeting of the Monetary Policy Committee (MPC) headed by the new RBI Governor Malhotra was scheduled from February 5 to 7 and the credit policy decision was announced at 10 am today.

This was the first RBI policy under the new Governor Malhotra and also the first RBI MPC meeting after the Union Budget 2025-2026 was pr...