RBI MPC Meeting 2025: Reserve Bank of India Cuts Repo Rate by 25 Bps to 6.25%, a First in 5 Years
The Reserve Bank of India (RBI) slashed the repo rate, or the country's interest rate, by 25 basis points, bringing it down to 6.25%, compared to its previous 6.50%.
The Reserve Bank of India (RBI) slashed the repo rate, or the country's interest rate, by 25 basis points on Friday, February 7, bringing it down to 6.25%, compared to its previous 6.50%. The interest rates had remained the same for nearly 2 years and this repo rate cut comes for the first time in 5 years. The last time the interest rate was cut was in March 2020, when the benchmark rate was brought down by 75 basis points or bps to 4.40%. RBI Likely To Reduce Repo Rate by 25 Basis Points in Upcoming Monetary Policy Meeting: Goldman Sachs.
RBIÂ Cuts Repo Rate by 25 Bps to 6.25%
#WATCH | Making a statement on Monetary Policy, RBI Governor Sanjay Malhotra says, "The standing deposit facility, the SDF rate shall be at 6.0%, and the marginal standing facility rate, the MCF rate and the bank rate shall be 6.5%..."
(Source - RBI) pic.twitter.com/LDzzucY1Hq
— ANI (@ANI) February 7, 2025
(The above story first appeared on LatestLY on Feb 07, 2025 10:27 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
