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 move was in line with expectations after Budget 2025, as the central bank was expected to take measures to address falling economic growth and face challenges of tighter liquidity conditions, depreciating rupee and heightened geopolitical uncertainty. In his speech, Governor Malhotra noted, "The resolutions of the Mone...