The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on February 7. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, cut the repo rate by 25 basis points to 6.25% after having kept it unchanged for eleven straight policy meetings.

Get the latest updates with Jagran Josh! Highlights include RBI Repo Rate, 38th National Games, North East Investment Roadshow, and other key developments—quick and concise! Current Affairs – 7 February 2025 What is the new repo rate after the recent cut by RBI?