The new RBI Governor Sanjay Malhotra will announce the MPC's interest rate decision on Friday, February 7, 2025.

The central bank’s Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6.25 per cent, after having kept it unchanged for eleven straight meetings

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The Reserve Bank of India reduced the repo rate by 25 basis points, lowering it to 6.25%, under the leadership of new Governor Sanjay Malhotra. The decision was influenced by a resilient Indian economy amidst global uncertainties and marked the first reduction since May 2020.

Economic activity is expected to improve, the agriculture sector remains upbeat, and manufacturing is expected to improve gradually, said Governor Malhotra. Rural demand is on an uptrend but urban demand remains subdued.

The Reserve Bank of India (RBI) Governor Sanjay Malhotra announced to lower the repo rate by 25 basis points to 6.25% on Friday, February 7, 2025. The central bank commenced its three-day meeting on Wednesday, February 5. In the previous MPC meeting in December 2024, the RBI had maintained the status quo keeping the key interest rate at 6.5%.

New RBI Governor Sanjay Malhotra is set to chair his first Monetary Policy Committee (MPC) meeting, with widespread expectations of a 25-basis-point rate cut to 6.25%. The RBI last reduced the repo rate in May 2020,

While new borrowers can expect banks to revise their rates soon, existing borrowers will typically see the benefit at their next reset date, which could be in six or twelve months, depending on their loan agreement.

RBI MPC Meeting February 2025, RBI Monetary Policy Committee Meeting Live, RBI MPC 2025, Repo Rate live news & updates: The Reserve Bank of India’s new Governor, Sanjay Malhotra, is expected to announce a 25 basis points reduction in the repo rate during his inaugural Monetary Policy Committee meeting on Friday.

RBI Governor Sanjay Malhotra has announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%

The RBI's Monetary Policy Committee cut the repo rate by 25 bps for the first time in nearly five years, maintaining a neutral stance. Governor Sanjay Malhotra noted inflation aligns with targets amid concerns over economic growth and signs of inflation nearing 4 per cent.