The Reserve Bank of India's Monetary Policy Committee (MPC) on Friday reduced the repo rate by 25 basis points to 5.25 per cent with immediate effect. Governor Sanjay Malhotra said that the decision was unanimous.

In his comments following the committee's meeting over the last two days, Malhotra said geopolitical and trade environments continued to weigh India's economic outlook, adding that the headline inflations in emerging markets are contained, allowing room for accommodative monetary policy.

Here are the key highlights from Malhotra's address:

\"The STF (Standing Deposit Facility) rate under the LAF (Liquidity Adjustment Facility) shall stand adjusted to 5 per cent and the MSF (Marginal Standing Facility) and bank rate to 5.5 per cent,\" Malhotra said.

\"The economy witnessed rob

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