Chennai, Dec. 5 -- With the economy growing and inflation on the retreat, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decision to cut the repo rate by 25 basis points (bps) to 5.25 percent has been widely welcomed by economists.
Many economists had anticipated the reduction during the MPC's three-day meeting, which began on December 3.
"By cutting the repo rate by 25 bps to 5.25 percent while maintaining a neutral stance, the MPC has clearly prioritised sustaining growth without losing sight of its 4 percent inflation target," Rajeev Sharan, Head-Criteria, Model Development & Research, Brickwork Ratings said.
Sharan added that the move should bolster investment and consumption into 2026, reinforcing Brickwork Rating...