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%.

MUMBAI: RBI governor Sanjay Malhotra assured markets that the central bank would provide all the liquidity required to ensure that interest rates are passed on. In his first media interaction, he provided a peek into his thought process.

The MPC under the central bank projected the Indian economy to clock a growth rate of 6.7 per cent in the upcoming 2025-26 fiscal year (FY26).