RBI cuts repo rate by 25 basis points to 6.25 per cent to spur growth

Mumbai, Feb 7 (IANS) The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent. RBI Governor Sanjay Malhotra said the MPC has also unanimously decided to continue with a neutral stance and will focus on inflation while supporting growth. This … Read more