RBI cuts repo rate by 25 bps to 6.25% after 5 yrs

The RBI Governor Sanjay Malhotra delivered the first interest rate cut in nearly five years. The RBI MPC reduced the repo ...
The Reserve Bank of India seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
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.
Why the RBI’s Monetary Policy Committee (MPC) decision to reduce the Repo rate is relevant to the UPSC exam? What is the ...