Reserve Bank of India Archives - The Lucknow Tribune

RBI cuts Repo Rate by 25 Basis Points, a first in Five Years

February 7, 2025February 7, 2025 Arijit Bose

Mumbai: In a landmark decision, the Reserve Bank of India (RBI) has lowered the repo rate by 25 basis points, reducing it from 6.5% to 6.25%. This marks the first rate cut in five years, with the previous reduction occurring in May 2020. The announcement was made by newly appointed RBI Governor Sanjay Malhotra during the Monetary Policy Committee (MPC) meeting held on Friday, February 7. The central bank had maintained the repo rate at 6.5% for the past two years, despite growing calls for a reduction to support economic…

No change in repo rate for 9th consecutive time

August 8, 2024 Arijit Bose

New Delhi: The Reserve Bank of India (RBI) has once again given importance to inflation instead of growth and has not made any change in the repo rate. This is the 9th consecutive time that the Monetary Policy Committee (MPC) of the Reserve Bank has not made any change in the repo rate. The repo rate remains at 6.5 percent as before. Along with this, the MPC has also maintained its stance of ‘withdrawing the liberal stance’. Today was the last day of the RBI Monetary Policy Committee meeting, which…