RBI governor Sanjay Malhotra says that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 25 basis points to 6%. RBI monetary policy 2025 live updates: The new fiscal year has begun on an anxious note,

The Monetary Policy Committee (MPC) also unanimously decided to shift its policy stance from 'neutral' to 'accommodative.'

RBI Governor Sanjay Malhotra, in the first RBI monetary policy meeting announcements for the fiscal year, projected India’s GDP growth rate for the year 2025-2026 to be 6.5 per cent. He said Q1 growth is expected at 6.5 per cent, Q2 at 6.7 per cent, Q3 at 6.6 per cent and Q4 at 6.3 per cent.