The RBI cut the repo rate by 25 bps to 5.25% to support growth, citing historically low retail inflation and strong 8.2% Q2 GDP. Despite rupee depreciation, the MPC maintained a neutral stance as cheaper loans are expected to boost economic activity

Mumbai: Shrugging off concerns over the depreciation of rupee, the RBI has cut interest rate by 25 basis points to 5.25 per cent in a bid to further bolster economic growth, which rose to a six-quarter high of 8.2 per cent in the second quarter of the current financial year.

The development is expected to make advances, including housing, auto and commercial loans cheaper.

Announcing the fifth bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to c

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