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After 5 years, RBI cut key lending rate by 25 basis points to 6.25%

India Today Video Desk
UPDATED: Feb 7, 2025 10:38 IST

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), led by newly appointed Governor Sanjay Malhotra, announced a 25 basis point rate cut on Friday, bringing the repo rate down to 6.25%.

This marks the first rate cut since 2020 and also the first policy decision under Governor Malhotra’s leadership.
 

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