RBI Monetary Policy Committee cuts Repo rate by 25 bps
STC NEWS MONITORING DESKFEBRUARY 07 (STC): The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) decided to cut the repo rate by 25 bps for the first time in nearly five years and keep the monetary stance “neutral.”RBI Governor Sanjay Malhotra announced the policy decision, citing inflation was aligning with the target. The MPC…

