The Reserve Bank of India cut the repo rate by 25 basis points, the first reduction in nearly five years. While the rate cut aims to boost economic growth, the RBI maintains a neutral policy stance due to global uncertainties and inflation risks,

The Reserve Bank of India announced a 25 basis point cut in the repo rate, now at 6.25%, the first reduction in five years. The decision follows declining inflation rates and the need to support economic growth.

In a landmark decision, the RBI, the central bank of India, announced a rate cut after nearly five years. The RBI Governor, Sanjay Malhotra, made this announcement after conducting his first-ever MPC meeting as the new RBI Governor.