RBI Cuts Key Rate to 5.25% Amid Strong GDP and Low Inflation
MUMBAI: On Friday, the Reserve Bank of India announced a reduction of 25 basis points in the policy repo rate, lowering it to 5.25 percent. This decision was shared by RBI Governor Sanjay Malhotra following the conclusion of a three-day Monetary Policy Committee (MPC) meeting that took place from December 3 to 5. The Governor noted that the MPC conducted a comprehensive review of the changing macroeconomic landscape and future forecasts before reaching a unanimous agreement on the rate cut, which takes effect immediately. During the announcement, the Governor stated, “The MPC convened on December 3rd, 4th, and 5th to…