The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) announced its decision on key interest rates on Friday. The panel decided to reduce the policy by 25 basis points from 6.5 per cent to 6.

The latest decision brings the repo rate from 6.50 per cent to 6.25 per cent. Sanjay Malhotra, the newly appointed RBI Governor, chaired his first Monetary Policy Committee (MPC)

RBI's Monetary Policy Committee, under new Governor Sanjay Malhotra, forecasts inflation at 4.2% for the coming fiscal year, with inflation control remaining critical amid economic challenges. Former Governor Shaktikanta Das highlighted the volatility,