The RBI Governor Sanjay Malhotra-led MPC cut repo rate by 25 basis points (bps) to 6% amid cooling inflation and slowing economic growth. Moreover, the central bank also shifted the policy stance to ‘accommodative’ from ‘neutral’.

RBI governor Sanjay Malhotra says that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 25 basis points to 6%. RBI monetary policy 2025 live updates: The new fiscal year has begun on an anxious note,

This is RBI's second repo rate cut this year, with the first one being in February where the central bank slashed the rates by 25 basis points to 6.25 per cent.