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%.

Locals on February 07 elated after RBI MPC cut the repo rate by 25 basis point to 6.25 percent to give benefit to middle class.“My EMI is going to be less. I will have to pay less. It is going to be good for my family and myself.

The RBI has reduced the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. Governor Sanjay Malhotra said that inflation is easing, supported by a favourable food price outlook. Food inflation is expected to decline further,