💨 Abstract

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, offering relief on interest rates and supporting economic growth. This move was anticipated due to a recent drop in consumer price index (CPI) inflation. The MPC maintained a 'neutral' policy stance, allowing flexibility to respond to economic conditions. Experts predict further rate cuts in the future, depending on domestic inflation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖