Repo Rate Reduced By 25 bps To 6.25%

What Is Repo Rate And How Does It Impact? RBI Cuts Interest Rates, Repo Rate Reduced By 25 bps To 6.25%

In a significant move, the Reserve Bank of India (RBI) announced a 25 basis point (bps) cut in the repo rate, bringing it down to 6.25%. This is the first rate cut since May 2020, marking a shift in the central bank's monetary stance. RBI Governor Sanjay Malhotra, while presenting...