Start writ The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps), bringing it down to 6.25%. This marks the first rate cut in nearly five years. Previously, the rate cut happened in March 2020 when it was brought down by 75 basis points to 4.40%.
RBI Governor Sanjay Malhotra announced the decision, which was made during the 3-day Monetary Policy Committee (MPC) meeting held from February 5, 2025, to February 7, 2025. ing here...