The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI), led by governor Sanjay Malhotra, on Friday reduced the policy repo rate by 25 basis points to 6.25 per cent from 6.5 per cent.

Real estate experts feel this rate cut will have a positive impact on the overall sector, making home loans more affordable and increasing demand for housing.

The Reserve Bank of India (RBI) has released the schedule for the Monetary Policy Committee (MPC) meeting to be held in April. RBI Governor Sanjay Malhotra announced that the MPC meeting is scheduled to be held from April 7 to 9.

The Reserve Bank of India reduced the repo rate by 25 basis points, lowering it to 6.25%, under the leadership of new Governor Sanjay Malhotra. The decision was influenced by a resilient Indian economy amidst global uncertainties and marked the first reduction since May 2020.

To cut the repo rate by 25 basis points to 6.25% unanimously. The standing deposit facility rate, pegged 25 basis points below the repo rate, is at 6.0%. The marginal standing facility rate, which is 25 basis points above the repo rate, is 6.5%.

Rate-sensitive sectors reacted mixed after RBI’s 25 basis points repo rate cut to 6.25%. The BSE Sensex fell 328 points, while Nifty Auto and Realty gained. Housing sector benefits from reduced rates,

The Reserve Bank of India's Monetary Policy Committee is anticipated to announce a 25 basis point repo rate cut after their m

India’s new central bank governor cut interest rates for the first time in almost five years on Friday to help spur a slowing economy as global risks intensify.

RBI Governor Sanjay Malhotra has announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%

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)