New Delhi: In a major policy move, the Reserve Bank of India (RBI) on Friday announced a 25 basis points cut in the repo rate, reducing it to 5.25 per cent. RBI Governor Sanjay Malhotra shared the decision after wrapping up the three-day Monetary Policy Committee (MPC) meeting held from December 3 to 5. He said the committee carefully reviewed the current economic situation and future outlook before unanimously agreeing to implement the rate cut with immediate effect.

Sharing the update, the Governor said the committee spent three days reviewing the economy before reaching its decision. "The MPC met on the 3rd, 4th, and 5th of December to deliberate and decide on the policy repo rate. After a detailed assessment of the evolving macroeconomic conditions and outlook, the MPC voted unanimo

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