New Delhi, Feb. 7 -- Amid easing inflation pressure, the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) on Friday decided to cut policy repo rate by 0.25% to 6.25% raising hopes of relief in loan EMIs. The RBI has cut the key interest rate in nearly five years. "After detailed assessment of the evolving macroeconomic and financial developments and the economic outlook, the Monetary Policy Committee (MPC) decided unanimously to reduce policy repo rate by 25 basis points from 6.5% to 6.25%," said RBI Governor Sanjay Malhotra in his maiden monetary policy statement. The MPC also decided unanimously to continue with the neutral stance and remain unambiguously focussed on a durable alignment of inflation with the target while supp...