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DN Bureau

RBI cuts repo rate by 25 bps; Relief for homebuyers, EMIs to come down

RBI Sanjay Malhotra Economic Growth Inflation
RBI Mumbai

Mumbai: The Reserve Bank of India (RBI) on Wednesday decided to cut policy repo rate by 25 basis points to 6 per cent with immediate effect.

RBI Governor Sanjay Malhotra said, "After a detailed assessment of the evolving macroeconomic and financial conditions and outlook, the Monetary Policy Committee (MPC) voted unanimously to reduce the policy repo rate by 25 basis points to 6 per cent with immediate effect.” 

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