RBI likely to cut repo rate by 25 bps in Governor Sanjay Malhotra's first policy move
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday. Experts anticipate that the central bank may cut the repo rate by 25 basis points (bps) to support economic growth while keeping inflation under control.