RBI Monetary Policy, Feb. 7 -- In line with market expectations, the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) decided to cut the repo rate by 25 bps for the first time in nearly five years and keep the monetary stance "neutral."

RBI Governor Sanjay Malhotra announced the policy decision, citing inflation was aligning with the target.

After keeping the benchmark repo rate unchanged at 6.5 per cent for the eleventh consecutive meeting, India's central bank cut rates in its February 2025 meeting amid growing concerns about economic growth losing momentum and emerging signs of inflation approaching its 4 per cent target.

RBI cut benchmark rates for the first time in nearly five years. It had last reduced the repo rate by...