RBI MPC Meeting Highlights: RBI governor Sanjay Malhotra announces 25 bps repo rate cut as Trump's tariffs add to uncertainties; GDP growth outlook cut to 6.5%

RBI MPC Meeting: Reserve Bank of India (RBI) governor Sanjay Malhotra announced that the repo rate will be cut by 25 basis points to 6%. He announced the decision of the Monetary Policy Committee (MPC) stating that the decision was unanimous. Most economists and market experts had said that the central bank will likely to cut the key repo rate by 25 basis points. With the repo rate is cut, loan borrowers can look forward to lower EMIs soon. The repo rate currently earlier stood att 6.25% and was last cut by the MPC in the February 2025 monetary policy review. Since then the global economic circumstances have evolved, in particular US President Donald Trump’s reciprocal tariffs on major economies have added to global growth worries. Today’s MPC meet is also being keenly watched for RBI governor Sanjay Malhotra’s commentary on India’s growth prospects amidst all this uncertainty. Key CPI inflation projections will also be under focus. Track TOI’s live blog coverage of the RBI’s monetary policy to know the latest on repo rate, EMI impact, GDP growth and CPI inflation: