RBI MPC cuts repo rate for first time in 5 years: Governor Sanjay Malhotra administers a growth pill with 25 bps rate cut, RBI Cuts Interest Rates For First Time In Nearly 5 Years To Boost Economy, RBI Repo Rate Cut: Loan EMI To Come Down For Borrowers; How Much Will You Save?
RBI MPC Meeting 2025: RBI cuts repo rate by 25 basis points to 6.25%, a first in 5 years; estimates FY26 GDP growth at 6.7%,
Reverse repo rate today
RBI MPC cuts repo rate for first time in 5 years: Governor Sanjay Raut cuts growth rate with 25 bps rate cut, RBI cuts repo rate for first time in nearly 5 years to boost economy, RBI cuts loan EMI for RBI; How much will you save?, RBI MPC Meeting 2025: RBI cuts repo rate by 25 basis points to 6.25%, first time in 5 years; GDP growth forecast at 6.7% in FY26,
RBI Repo Rate Effect: Days after the income tax cut, there is another good news for the middle class as their EMI burden is going to be reduced after RBI MPC cut interest rates by 25 basis points (bps) on Friday. Home loans, auto loans and personal loans are also going to get cheaper soon for new borrowers.
What is repo rate
Malhotra revealed that the committee unanimously decided to maintain the neutral stance, a change made in October last year, indicating flexibility to adjust policy rates in response to the evolving economic environment.
The RBI had kept the repo rate unchanged at 6.5% in the last eleven consecutive meetings. In the December policy meeting, the MPC voted 5-1 in favour of maintaining the rate on hold while continuing to monitor inflation trends and focus on stability.
"The MPC is clearly focused on durable alignment of inflation with the target while supporting growth," he said.
Bank rate vs repo rate
After the latest cut, the repo rate (the interest rate at which the RBI lends money to banks) stands at 6.25 per cent, up from 6.50 per cent earlier.
RBI MPC Meeting February 2025: The Reserve Bank of India's (RBI) infrastructure policy committee (MPC) on Friday revised the repo rate to 6.25 per cent, up from 6.50 per cent. This is the first rate cut by the RBI in five years, the last being in May 2020. Till now the repo rate was 6.5 per cent. The move comes a week after the Centre extended the loan to individual farmers to boost the intermediate rate.
Repo rate today
The Reserve Bank of India (RBI) has cut its key repo rate for the first time in nearly five years to boost the economy. The RBI Monetary Policy Committee (MPC) has unanimously decided to cut the key rate by 25 bps from 6.5% to 6.25%, Sanjay Malhotra said this morning in his first keynote address after taking over as RBI governor last December.
Repo rate in India
The MPC, which comprises three RBI members and three external members, last reduced the repo rate in May 2020 and has kept it unchanged in the last 11 policy meetings.
RBI reverse repo rate
In a unanimous decision, the RBI's MPC announced to provide cheap rate borrowing to boost economic activity, thereby boosting spending and investment. However, the MPC has decided to continue its "accommodative" stance for industry, which RBI Governor Sanjay Salah pointed out needs to be responded to in a coordinated manner to develop the economy.
RBI repo rate Today
Mr Malhotra said the global economic backdrop remains challenging as the global economy is growing below historical averages. "High-frequency indicators are suggesting resilience in the global economy". The Indian economy is not immune to global adversities, but it remains strong and resilient, he said.
He said waning expectations on the size and pace of rate cuts in the US have led to a rise in bond yields and the dollar.
RBI repo rate history
The orthodox has served Indian Inc very well over the last several years, including the extremely turbulent period following the pandemic, and the ratings have been coming down since the introduction of this orthodox, he said. Since the introduction of the LLC, the C LLC has been largely selected to correct some of the breaches of the upper tolerance band, he added.
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