The Reserve Bank of India on Friday announced a 25 basis points reduction in the policy repo rate, bringing it down to 5.25 per cent.

The decision was communicated by RBI Governor Sanjay Malhotra after the conclusion of the three-day Monetary Policy

Committee (MPC) meeting held from December 3 to 5.

The governor stated that the MPC undertook a detailed assessment of evolving macroeconomic conditions and future outlook before arriving at the unanimous decision to implement the rate cut with immediate effect.

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