RBI Monetary Policy, Feb. 7 -- The rate-sensitive sectors exhibited a mixed response on Friday, February 7, following the Reserve Bank of India's (RBI) decision to lower the repo rate by 25 basis points to 6.25 percent from 6.5 percent. This marked the first rate reduction in nearly five years, with the previous cut occurring in May 2020 when the repo rate was slashed to 4 percent. The Monetary Policy Committee (MPC) also opted to maintain its 'neutral' stance.

This policy meeting was the first under the leadership of new RBI Governor Sanjay Malhotra, who took office in mid-December. The central bank retained its forecast for Consumer Price Index (CPI)-based inflation at 4.8 percent for FY25, while projecting GDP growth at 6.7 percent fo...