The RBI’s Monetary Policy Committee today cut the repo rate by 25 basis points to 6%, amid cooling inflation and slowing economic growth.
The RBI decision to reduce the key interest rate by 25 bps and revise its monetary stance to 'accommodative' is a timely move and will cushion the secondary impact of tariffs on domestic economy, industry players said. Industry players, including banks, NBFCs, and realtors, also said that the Reserve Bank's latest monetary policy augurs well for the economy amid global trade uncertainties. SBI Chairman C S Setty said the RBI rate cut coupled with the revision in stance to 'accommodative' was a swift, timely move and a forward guidance to the market to stay supportive against evolving global uncertainties. "On the regulation side, the market-based securitization framework for stressed assets, review of policy on gold lending and non-fund-based facilities are timely. Widening of the co-lending framework gives wider choices to all parties concerned," Setty said. The Reserve Bank of India (RBI) cut the repurchase or repo rate by 25 basis points to 6 per cent. Aditi Nayar, chief econom
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Sensex Today | Stock Market Highlights: In the broader markets, the BSE midcap and smallcap fell 0.73 per cent and 1.08 per cent respectively
The Reserve Bank's move to lower its benchmark repo rate for the second time in a row will cushion India's economy against external shocks in the face of reciprocal tariffs imposed by the US that has triggered a global turmoil, industry bodies said on Wednesday. The RBI on Wednesday slashed the key interest rate by 25 basis points to 6 per cent providing relief to home, auto and corporate loan borrowers. CII Director General Chandrajit Banerjee termed the decision to continue with the rate easing cycle as timely and prudent. "The rate cut coupled with the shift in monetary policy stance from 'neutral' to 'accommodative', too, is a big positive," Banerjee said. The RBI's rate cut, and stance change reflect concerns about the impact of slower global growth on domestic economy and a relatively benign outlook for domestic inflation, he added. CII is of the view that RBI's accommodative monetary policy combined with the government's growth-centric fiscal policy will help boost domestic
The likelihood of the RBI going in for another 50bps points rate cut for the rest of the calendar year is very high, says Dr Joseph Thomas, head of research, Emkay Wealth Management
During the post-Monetary Policy press conference, RBI Governor Sanjay Malhotra said the central bank lowered the growth forecast primarily because of the tariff-related uncertainties
Mahindra & Mahindra, TVS Motor Company, Bajaj Auto and Maruti Suzuki India from the auto pack are trading higher by up to 1 per cent in a weak market
The benchmark repo rate was kept unchanged at 6.5 per cent for 11 consecutive MPC meetings and the first rate cut was announced in February 2025
RBI Governor Malhotra warned that increased US tariffs could hinder India's exports and domestic growth, emphasising the central bank's commitment to monitoring inflation risks
RBI's MPC begins 3-day meet from April 7; decision on repo rate to be announced April 9. Markets expect 25 bps cut amid easing inflation, global concerns
RBI MPC April meet: The monetary policy committee is expected to do a second rate cut on April 9 and switch to an 'accommodative' stance. What does this mean?
In February, the RBI's six-member monetary policy committee delivered its first rate cut since May 2020 amid a slowdown in the economy, which is expected to have expanded 6.5 per cent in fiscal 2025
On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
Reports suggest that India's overnight indexed swap (OIS) rates signal a bigger reduction or a change in its stance.
The challenge for the MPC is to gauge how this heightened level of uncertainty will affect growth and inflation dynamics in India, which will form the basis of its policy decision