New Delhi, Feb. 7 -- The long-awaited policy rate easing by the Reserve Bank of India (RBI) is finally here. With inflation cooling from recent peaks, GDP growth dipping marginally, and global central banks shifting to accommodative policies, expectations were high ahead of the latest monetary policy review.

The announcement did not disappoint-RBI has cut the repo rate from 6.5% to 6.25%.

This marks the first rate action by the RBI's Monetary Policy Committee (MPC) in two years, following a hike in February 2023. Since then, inflation has largely remained under control, barring occasional spikes driven by food prices. With nearly half of the Consumer Price Index (CPI) basket comprising food-related items, inflation in India often stems ...