New Delhi: Reserve Bank of India (RBI) Governor is announcing the outcome of the first Monetary Policy Committee (MPC) of the new financial year (2025-26) on Wednesday. Malhotra announced that the the RBI MPC unanimously decided for a 25 basis points reduction in the short-term lending rate, i.e. repo rate.
The RBI MPC members unanimously decided to reduce policy rate by 25 basis points to 6 per cent, Malhotra announced.
RBI’s MPC-headed Malhotra kickstarted its three-day deliberations on the next set of credit policy on April 7. In February, the MPC reduced the repo rate by 25 basis points to 6.25 per cent. It was the first Repo Rate cut since May 2020.
RBI MPC announcements: LIVE Updates
Monetary policy committee decides to reduce policy rate by 25 basis points to 6 pc, announced RBI Governor.
The central bank is alert on emerging global developments, RBI Governor Sanjay Malhotra assured the nation while announcing the RBI MPC outcome.
Our stance provides policy rate guidance without any guidance on liquidity management, said RBI governor.
Speaking on the global economy front, the RBI head said the global economic outlook is fast changing and the latest trade related measures exacerbated uncertainties clouding outlook across regions.
RBI Governor Sanjay Malhotra is announcing the new fiscal’s first credit policy on Wednesday. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
