The RBI Governor Sanjay Malhotra delivered the first interest rate cut in nearly five years. The RBI MPC reduced the repo rate cut to 6.25% from 6.50%.

The Reserve Bank of India's Monetary Policy Committee is anticipated to announce a 25 basis point repo rate cut after their meeting on February 7, 2025, aiming to boost GDP growth. This follows the Union Budget 2025 that focused on stimulating the economy through income tax slab changes.

Led by newly-appointed RBI Governor Sanjay Malhotra, the brand-new Monetary Policy Committee is scheduled to meet from February 4 tomorrow. The much-anticipated repo rate announcement will be made on February 7.