💨 Abstract

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25%, providing relief on interest rates and supporting economic growth. This is the first rate cut since May 2020. The decision was made by the Monetary Policy Committee (MPC) in response to a recent easing in consumer price index (CPI) inflation and the need to stimulate growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖