RBI turns dovish, cuts repo rate to 6.25%: Key takeaways from policy meet

Here're the key takeaways from the sixth bi-monthly monetary policy meet of RBI -

The Reserve Bank of India (RBI) in its first policy meet under the new RBI chief Shaktikanta Das, decided to cut the repo rate by 25 basis points (bps) or 0.25 per cent to 6.25 per cent on Thursday. In line with expectations, the monetary policy committee (MPC) members also unanimously voted to change the policy stance to neutral whereas rate cut was voted 4-2. RBI Deputy Governor, Viral Acharya voted to keep the interest rates unchanged.

Gaurav Dua, Head of Research at Sharekhan by BNP Paribas, said the change in stance to “Neutral” and dovish commentary open doors for