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.

RBI Cuts Repo Rate by 25 Bps to 6.25%

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