News Gujarat
Quick Look:
- RBI cuts repo rate by 25 basis points to 6%
- This is the second cut in a row under Governor Sanjay Malhotra
- RBI shifts policy stance from ‘neutral’ to ‘accommodative’
The Reserve Bank of India (RBI) has once again reduced its key lending rate, known as the repo rate, by 25 basis points. With this cut, the repo rate now stands at 6%. This decision was made after a three-day meeting of the RBI’s Monetary Policy Committee (MPC), which ended on April 9.
RBI Governor Sanjay Malhotra announced the cut, saying it was made after a careful review of the country’s economic and financial situation. This is the second rate cut in a row, following a similar move in February 2025.
The cut comes at a time when inflation is below 4%, and there are signs that economic growth may be slowing down. The RBI hopes that this step will help encourage more spending, borrowing, and investment.
Along with the repo rate cut:
- The Standing Deposit Facility (SDF) rate is now 5.75%
- The Marginal Standing Facility (MSF) rate is now 6.25%
Another major change is that the RBI has shifted its stance from ‘neutral’ to ‘accommodative’. This means the central bank is now more open to taking steps that support economic growth in the coming months.
Governor Malhotra said the RBI will keep a close eye on the economy and take more steps if needed.
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