The Reserve Bank of India (RBI), led by Governor Sanjay Malhotra, unanimously cut the repo rate by 25 basis points (bps) from 5.5% to 5.25% following the three-day Monetary Policy Committee (MPC) meeting, shrugging off the recent rupee slump to focus on bolstering economic growth; the decision was driven by record low inflation prints, allowing the RBI to maintain a neutral policy stance and inject further liquidity through measures like Open Market Operations (OMO) and forex swaps.
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