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RBI Starts Deliberations on Interest Rate Amid Expectations of 25-bps Cut
The Free Press Journal - Indore
|February 06, 2025
Days after the Union Budget, the Reserve Bank of India (RBI) on Wednesday started deliberations on the monetary policy amid expectations of a 25 basis-points rate cut, which will be the first in five years, as inflation remains within central bank's comfort zone, though the sliding rupee continues to be a concern.
The RBI had last reduced the repo rate by 40 basis points to 4% in May 2020 to help the economy tide over the crisis following the outbreak of the Covid-19 pandemic and subsequent lockdown.
But in May 2022 the central bank started a rate hike cycle in view of the Russia-Ukraine war and paused it only in May 2023.
Reserve Bank Governor Sanjay Malhotra chaired his first Monetary Policy Committee (MPC) meeting here. The decision of the six-member panel will be announced on Friday.
This story is from the February 06, 2025 edition of The Free Press Journal - Indore.
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