Mumbai: RBI Governor Sanjay Malhotra announced on Friday that the monetary policy committee (MPC) meeting has unanimously decided to reduce the repo rate by 25 basis points to 5.25 per cent from 5.5 per cent earlier to spur growth in the economy.

Rs 1 Lakh Crore liquidity injection through OMOs

The RBI Governor also said that the Central Bank would inject more liquidity in the economy by undertaking open market operations with the purchase of government securities to the tune of Rs 1 lakh crore. Besides, the RBI would also put in place a dollar-rupee swap arrangement of $5 billion.

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India enters a ‘Goldilocks Period’, says RBI Governor

Malhotra said that the surge in ec

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