The six-member Monetary Policy Committee (MPC) meeting that began on Wednesday, announce the decision to reduce the repo rates by 25 basis points to 6.25 percent.

The first RBI Monetary Policy Committee meeting of 2025 began on February 5, with everyone eagerly awaiting Governor Sanjay Malhotras decision, which will be announced on. This will be his first review as the newly appointed Governor,

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.